Davenport Raises Estimates on Coal Producers, Boosts Price Targets on WLT, CNX, FCL
More News related to ANR
- Cleveland-Cliffs and Alpha Natural Resources Receive Early Termination of HSR Waiting Period for Proposed Merger
- Matrix USA Rating Changes 8/25
- JANA Partners 13F Shows New Stakes in Genentech (DNA), Sears (SHLD), Washington Mutual (WM); Adds to Positions in AK Steel (AKS), Focus Media (FMCN), Transocean (RIG); Sells Out of Apple (AAPL), Lehma
- Harbinger Capital Seeks To Buy Up to A Third of Cleveland-Cliffs (CLF)
- Cleveland-Cliffs and Alpha Natural Resources File Preliminary Proxy and Registration Statement on Form S-4
More News related to CNX
- OAO Severstal Agrees to Acquire PBS Coals for $1.3B
- BeaconEquity.com Issues Trade Alerts on Coal Stocks: JRCC, FDG, ACI, CNX, MEE, BTU
- JANA Partners 13F Shows New Stakes in Genentech (DNA), Sears (SHLD), Washington Mutual (WM); Adds to Positions in AK Steel (AKS), Focus Media (FMCN), Transocean (RIG); Sells Out of Apple (AAPL), Lehma
- Conporec Inc. Releases its 2008 Second Quarter Results
- Conporec Inc. Releases its 2008 Second Quarter Results
More News related to FCL
- Foundation Coal Declares Quarterly Dividend of $0.05 Per Share
- UBS Upgrades Foundation Coal (FCL) to Buy
- Foundation Coal Announces Second Quarter 2008 Results
- Foundation Coal Announces Availability of 2008 Second Quarter Conference Call
- Davenport Raises Estimates on Coal Producers, Boosts Price Targets on WLT, CNX, FCL
Davenport raises estimates and prices targets, while maintaining their Buy ratings, on Walter Industries Inc. (NYSE: WLT) ($105 to $116), CONSOL Energy Inc. (NYSE: CNX) ($110 to $125), Foundation Coal (NYSE: FCL) ($84 to $98).
The firm raised estimates, but maintained their Neutral ratings on Alpha Natural Resources Inc. (NYSE: ANR), Massey Energy Co. (NYSE: MEE), International Coal Group, Inc. (NYSE: ICO), James River Coal Co. (Nasdaq: JRCC).
Davenport is raising their earnings estimates for the US coal producers to incorporate higher price assumptions on unpriced tonnage for 2008-10.
The firm notes that the coal stocks have pulled back slightly, which they said presents an attractive entry point.
Related Categories
Analyst CommentsStocks Mentioned
-0.07Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
