UPDATE: Goldman Sachs Reiterates on Alpha Natural Resources on Lowered EBITDA Estimates
November 27, 2013 at 10:23 AM EST
In a report published Wednesday, Goldman Sachs analyst Neil Mehta reiterated a Neutral rating on Alpha Natural Resources (NYSE: ANR ), but lowered the price target from $9.00 to $8.00. In the report, Goldman Sachs noted, “We lower our 2014-2016 EBITDA estimates to $419/$495/$622 mn from $428/$526/$655 mn, reflecting lower