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Peabody Energy's (BTU -2.1%) price target is lowered to $32 by Citigroup, which lowers its FY...

Peabody Energy's (BTU -2.1%) price target is lowered to $32 by Citigroup, which lowers its FY 2013 EPS estimate well below consensus after BTU provided a preliminary Q1 and full-year 2013 outlook that came in lighter than expected.  Other coal names also slide: WLT -1.7%, ACI -1.4%, CLD -0.9%, ANR -0.5%, CNX -0.3%.
Comments (2)
  • The best play in coal could be Fuel Tech:

     

    http://goo.gl/IYzcG
    17 Dec 2012, 12:23 PM Reply Like
  • Citigroup earns little respect as a research house. BTU has exhibited strong finances and will appear to surprise as 2013 progresses, and they said so, Demand from Far East will support decent numbers.
    17 Dec 2012, 01:01 PM Reply Like
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