Coal shares zoom higher after Patriot Coal (PCX +3.6%) names a new CEO and Goldman Sachs...

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

Coal shares zoom higher after Patriot Coal (PCX +3.6%) names a new CEO and Goldman Sachs upgrades Peabody (BTU +5.3%) to Buy, saying it finds U.S. coal stocks “attractive” following a recent selloff. Goldman believes production cuts, higher gas prices and increased exports will help improve thermal coal prices in H2 2012. In addition to BTU, the firm calls SXC +1.7% and CNX +3.3% its favorites.