Patriot Coal (PCX) -3.7% premarket after the company revises its metallurgical coal contracted position of 3.9M tons at an average of $142/ton for the remainder of 2012 from 4.9M tons at $138/ton and 0.2M tons at an average $122/ton for 2013. In response, Citi cuts its price target for PCX shares to $6 from $7.
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