- Walter Energy (WLT) -11.4% premarket as BofA/Merrill comes out deeply negative on the coal sector (KOL), expecting depressed fundamentals over the next several years due to oversupply and reluctance to shut capacity.
- On WLT, the firm fears the company is likely to face liquidity issues and cuts its price target on the shares to $2 from $8 "even assuming what we believe to be a best-case cost scenario."
- ACI -2.5%, BTU -2.3%, ANR -1.5% premarket.
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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