Alpha Natural Resources Hosting Investor Day Today

Alpha Natural Resources, Inc.

will be hosting an investor day today in Pennsylvania, and Jefferies believes that shares will continue to find support as global commodity markets trend higher and better discount Alpha's cash generating ability. Investors are expected to focus on near-term data/trends that support global met and US thermal market trends, according to Jefferies, and managment will likely highlight the benefits of its diversified model that has been enhanced by last year's Foundation acquisition. Financial comfort, capital allocaiton, and further reserve and regional diversity are expected to provide investors with confidence regarding their long-term investment plans, Jefferies writes. Jefferies maintains its Buy rating and $62 price target. Alpha Natural Resources, Inc. closed yesterday at $41.07.