StockGuru News: KAL Energy and Telecom Communications
KAL Energy Inc. (OTCBB: KALG) KAL Energy, Inc. Receives New Upgraded Rating by Respected Research Firm New Coal Seam Discovered on East Kalimantan Concession LONDON–(BUSINESS WIRE)–KAL Energy, Inc. (OTCBB: KALG.OB - News) is pleased to announce a well-respected firm, TRI-STATE Capital (TSC), has initiated a new upgraded rating on KALG to “Outperfom”, and raising its 12 month target price from $3.30 to $4.00. This upgrade to “Outperform” comes at a time when the company has found a new coal seam on one of their concessions. This new seam was discovered during the company’s $2 million drill program. The new seam…