Walter Energy (WLT -10.6%) shares plummet after last night's 92% dividend cut and subsequent...

|About: Walter Energy, Inc. (WLT)|By:, SA News Editor

Walter Energy (WLT -10.6%) shares plummet after last night's 92% dividend cut and subsequent analyst price target changes. CLSA thinks WLT could face "serious liquidity issues," and cuts its PT to a Street-low $6 with a Sell rating. BAML cuts its target to $9, believing the dividend cut was done in lieu of a credit deal.