Coal demand is set to pick up more than some expect, Morgan Stanley predicts, and suggests...
Coal demand is set to pick up more than some expect, Morgan Stanley predicts, and suggests several stocks that will benefit. The firm upgrades Consol Energy (CNX +4.4%) based on CNX’s low-cost, high quality coal and gas assets, and its focus on shareholder returns. Also well-positioned: Arch Coal (ACI), rails CSX and Norfolk Southern (NSC), plus utilities NRG, Exelon (EXC) and Calpine (CPN).
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