Noble Financial Sticks to Its Buy Rating for Alliance Resource (ARLP)
In a report released today, Mark Reichman from Noble Financial maintained a Buy rating on Alliance Resource, with a price target of $33.00.
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According to TipRanks, Reichman is an analyst with an average return of -6.7% and a 35.53% success rate.
Alliance Resource has an analyst consensus of Moderate Buy, with a price target consensus of $31.00.
Based on Alliance Resource’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $571.37 million and a net profit of $95.1 million. In comparison, last year the company earned a revenue of $613.57 million and had a net profit of $86.28 million
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