By: Benzinga
Sterne Agee Maintains Buy on James River Coal Despite Low Operating Margins
In a report published Friday, Sterne Agee reaffirmed a Buy rating and $8.00 price target James River Coal (NASDAQ: JRCC ) and reduced its 2013 estimates. Regarding valuation, Sterne Agee stated, "We believe current liquidity access should allow time for market dynamics to take hold. The shares reflect optionality upon
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