Peabody Energy (BTU) fell 2% today after Goldman's downgrade, but Sterne Agee remains impressed...

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

Peabody Energy (BTU) fell 2% today after Goldman's downgrade, but Sterne Agee remains impressed with BTU's cost control and capital conservation, reaffirming its Buy rating and raising its 2012 estimates. Met coal markets seem to have bottomed out, the firm says, as current weak pricing for hard coking and low-volume pulverized coal injection met coal is generating output cuts.