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Patriot Coal (PCX +1%) gains on an upgrade to Equal Weight at Morgan Stanley based on...

Patriot Coal (PCX +1%) gains on an upgrade to Equal Weight at Morgan Stanley based on expectations that a bottom is in on met coal prices. The firm also raises its price target raised to $7 from $5.
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  • kitchenboy
    , contributor
    Comments (29) | Send Message
     
    the price of coal may have bottomed, but the reduction of demand has not. Until nat gas prices rise, PCX will remain a sell
    18 Apr 2012, 11:51 AM Reply Like
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