Zacks Investment Research downgraded shares of ALLIANCE RES (ARLP) from OUTPERFORM to NEUTRAL on September 30, 2013, with a target price of $82.50.
ALLIANCE RESOURCES is a diversified producer and marketer of coal to major U.S. utilities and industrial users. They currently operate mining complexes in Illinois, Indiana, Kentucky and Maryland. Some of their mining complexes are underground and one has both surface and underground mines. They produce a diverse range of steam coals with varying sulfur and heat contents, which enable them to satisfy the broad range of specifications demanded by their customers.
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