Peabody Energy (BTU) +4.7% premarket after shares are upgraded to Buy from Neutral at Goldman...

|About: Peabody Energy Corp. (BTUUQ)|By:, SA News Editor

Peabody Energy (BTU) +4.7% premarket after shares are upgraded to Buy from Neutral at Goldman Sachs. The firm cites improving China macro data and Newcastle thermal prices that should drive greater Street credit for BTU's Australia business, and improved relative performance as PRB prices continue to rise from below cash costs to mid-cycle by the end of H1 2013.