Buy Arch Coal on deregulation under Trump, potential dividend, Jefferies says

Buy Arch Coal on deregulation under Trump, potential dividend, Jefferies says
Buy Arch Coal on deregulation under Trump, potential dividend, Jefferies says

Jefferies initiated coverage of Arch Coal with a buy rating due to an improving political environment for coal under the President Donald Trump administration.

"The Trump presidency is a clear positive for the US coal industry as the Obama Administration seemed determine to squeeze the industry out of existence. We expect the Trump team to pursue a regulatory agenda that favors use of domestic coal," analyst Christopher LaFemina wrote in a note to clients Friday. "Arch Coal should generate strong free cash flow which it is ultimately likely to use to fund a dividend."

CNBC

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