Raymond James cuts its 2013-14 met coal price forecast due to resilient supply growth and...

|By:, SA News Editor

Raymond James cuts its 2013-14 met coal price forecast due to resilient supply growth and slowing demand; a recovery could take longer than expected given declining global GDP growth and a potential slowdown in China demand. Downgraded: Arch Coal (ACI -3.8%), James River (JRCC -12.6%)), Walter Energy (WLT -5%), Alpha Natural (ANR -3.9%), Peabody Energy (BTU -2.1%).