UBS Maintains a 'Buy' on Walter Energy (WLT); Lowers Estimates After Q2 Update

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UBS maintains a 'Buy' on Walter Energy (NYSE: WLT) price target of $75.00 (from $77.00).

Analyst, Shneur Z. Gershuni, said, "We are lowering 2Q12 EPSe to $0.47 from $1.12 and ‘12 EPSe to $3.38 from $4.05 on lower pricing and higher costs. We reduce ‘13 EPSe to $5.30 from $5.40 on cost flow through, 2014 EPS estimate is unchanged."

For an analyst ratings summary and ratings history on Walter Energy click here. For more ratings news on Walter Energy click here.

Shares of Walter Energy closed at $45.06 yesterday, with a 52 week range of $42.20-$132.38.

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