Tuesday, October 9, 2012

Arch Coal (ACI) (DO) (FNV) (TGB) (EOX) (HNRG) (PXD) (PPP) Ratings Changes and Initiations


Arch Coal, Inc. (ACI), Diamond Offshore Drilling, Inc. (DO), Franco Nev Corp (Canada) (FNV), Taseko Mines Limited (TGB), Emerald Oil Inc (EOX), Hallador Energy Co (HNRG), Pioneer Natural Resources (PXD) and Primero Mining Corp. (Canada) (PPP) had ratings adjustments or initiations on them.

Macquarie upgraded Primero Mining Corp. (Canada) (PPP) from a "Neutral" rating to an "Outperform" rating.

Goldman Sachs (GS) downgraded Arch Coal, Inc. (ACI) from a "Neutral" rating to a "Sell" rating. They have a price target of $5.00 on the company.

Morgan Stanley (MS) downgraded Diamond Offshore Drilling, Inc. (DO) from an "Overweight" rating to an "Equal Weight" rating. They have a price target of $85.00 on the company.

TD Securities downgraded Franco Nev Corp (Canada) (FNV) from a "Buy" rating to a "Hold" rating.

Canaccord Genuity downgraded Taseko Mines Limited (TGB) from a "Buy" rating to a "Hold" rating.

Canaccord Genuity initiated coverage on Emerald Oil (EOX). They have a "Buy" rating and a price target of $1.50 on the company.

Brean Murray initiated coverage on Hallador Energy Co (HNRG). They have a "Buy" rating and a price target of $10.00 on the company.

Wells Fargo & Co. (WFC) initiated coverage on Pioneer Natural Resources (PXD). They have an "Outperform" rating on the company.

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