- Alpha Natural Resources (ANR) is reiterated at Neutral but with reduced 2013-14 EPS estimates and a lower price target (to $5 from $6) at Nomura, which cites incremental pressure in the met coal market.
- Shares are cut to Hold at BB&T and FBR.
- Meanwhile, Sterne Agee believes ANR's met pricing and volumes appear to be bottoming, and keeps a $14 price target and Buy rating on the shares.
- ANR -1% premarket after sinking 9% Friday following its Q2 report.
Alpha Natural still sliding after Friday's rout
Aug 5 2013, 08:58 ET