Credit Suisse says this year's coal market is shaping up a lot like 2012 - "not a good thing" -...

|By:, SA News Editor

Credit Suisse says this year's coal market is shaping up a lot like 2012 - "not a good thing" - foreshadowing gloomy 2013 outlooks and further production cuts as a theme through earnings season. Peabody (BTU), which already provided lower guidance, remains its top pick in coal, but it's cautious on Alpha Natural (ANR), citing risks of additional thermal coal production cuts and lower realized met coal prices.