- Walter Energy (WLT -8.2%) is downgraded to Market Perform from Outperform with a $10-$13 target price range from $18-$20 at Wells Fargo.
- With China potentially slowing again due to tightening credit, the firm believes coal prices will remain challenging in 2014; the analysts also cite WLT's high debt and weak earnings as reasons for the target cut.
- The firm also cuts its 2014 EPS estimate to a $2.56 loss from a $1.03 loss.
From other sites
at CNBC.com (Nov 5, 2014)
at CNBC.com (Oct 31, 2014)
at CNBC.com (Sep 23, 2014)
at CNBC.com (Aug 12, 2014)
at CNBC.com (Jun 2, 2014)
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