- Walter Energy (NYSE:WLT) +8.5% premarket after Morgan Stanley raises its long-term met coal target price to $180/ton, which analyst Evan Kurtz thinks implies a 140% upside for WLT shares based on the company's high sensitivity to met coal prices.
- Morgan Stanley arrives at a $33 base case and $49 bull case valuation for WLT - 256% potential upside.
- Peabody Energy (NYSE:BTU) +2.8% premarket as the firm projects 20% upside for its shares.