James River Coal (JRCC -0.7%) is reaffirmed as a Buy at Sterne Agee in the wake of pleasantly...

|By:, SA News Editor

James River Coal (JRCC -0.7%) is reaffirmed as a Buy at Sterne Agee in the wake of pleasantly surprising Q2 results, but the firm says the coal miner's shipments guidance is too high. EPS estimates for 2012-13 are cut, but the firm believes current liquidity access should allow time for market dynamics to take hold.