Goldman Sachs Upgrades Patriot Coal (PCX) to Neutral

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Goldman Sachs upgraded Patriot Coal (NYSE: PCX) from Sell to Neutral with a price target of $6.50 (down from $8).

The firm said they see more downside to ACI and WLT and see risk/reward to 2012 earnings as more balanced.

For an analyst ratings summary and ratings history on Patriot Coal click here. For more ratings news on Patriot Coal click here.

Shares of Patriot Coal closed at $7.17 yesterday, with a 52 week range of $5.97-$27.56.

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