Arch Coal Inc. ACI has reported its 2Q10 adjusted EPS/EBITDA at $0.27/$163 million. The company has also raised the lower end of its EBITDA guidance by $18 million, leaving the upper end unchanged.
In a research report, Goldman Sachs GS has maintained its neutral rating for the company. Arch Coal Inc. (ACI) is expected to benefit from new PRB burning coal-fired power plants coming online. The company is also likely to normalize its inventories.
The price target for the company's stock has been set at $24; the stock is currently trading at 5.4x roll forwards EV/EBITDA vs. 5.9x for BTU and 3.7x for ANR.
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