A rumor that Carl Icahn has picked up an activist position in Peabody Energy (BTU +3%) is behind...

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

A rumor that Carl Icahn has picked up an activist position in Peabody Energy (BTU +3%) is behind early gains; Icahn already has been plenty busy recently with his dalliances in Dell and Transocean. Shares also are upgraded by Nomura, which believes cost pressures facing BTU are largely well known by the market and the company can achieve improved unit costs in H2.