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Walter Energy (WLT -3.3%), in the midst of a spat with a hedge fund that wants to replace half...

Walter Energy (WLT -3.3%), in the midst of a spat with a hedge fund that wants to replace half its board, says it could further cut production at underperforming mines and explore the sale of non-core assets. BMO Capital cuts shares to Market Perform, believing WLT faces near-term headwinds given relatively high financial leverage and falling margins.
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