Patriot Coal (PCX +6.4%) shares enjoy a decent rebound after yesterday's disaster, and the...

|About: Patriot Coal Corp. (PCXCQ)|By:, SA News Editor

Patriot Coal (PCX +6.4%) shares enjoy a decent rebound after yesterday's disaster, and the company sends a letter to employees saying "operations are performing well." A bit late after yesterday's 28% drubbing, Deutsche Bank downgrades PCX to Hold from Buy, citing the uncertainty of the company's financing arrangements.