Alpha Natural Resources (ANR +0.1%) is cut to Hold from Buy with a reduced target price of $8,...

|About: Alpha Natural Resources, Inc. (ANRZQ)|By:, SA News Editor

Alpha Natural Resources (ANR +0.1%) is cut to Hold from Buy with a reduced target price of $8, down from $15, at Brean Murray, which cites ANR’s high leverage to met coal pricing and its likely effect on 2013 margins. The firm estimates ANR’s Central Appalachian thermal operations require $4/mcf natural gas prices to break even on fully loaded costs.