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

|About: Walter Energy, Inc. (WLT)|By:, SA News Editor

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.