Coal miners Alpha Natural Resources (ANR) and Peabody Energy (BTU) are -2.3% and -1.4% premarket...

|About: Alpha Natural Resources, Inc. (ANRZQ)|By:, SA News Editor

Coal miners Alpha Natural Resources (ANR) and Peabody Energy (BTU) are -2.3% and -1.4% premarket after they're nailed by downgrades at Nomura. ANR is cut to Neutral from Buy as the firm sees more significant earnings and free cash flow risks than expected, while BTU is cut to Reduce to reflect more conservative forward multiples given elevated earnings risk and weaker growth rates.