CRT Capital Cuts Patriot Coal (PCX) to Fairly Valued

Article Stock Quotes (1) Comments (0)

CRT Capital's Kuni Chen downgraded shares of Patriot Coal (NYSE: PCX) from Buy to Fairly Valued Wednesday morning. Chen suspended his $5 price target on the stock.

The analyst's downgrade is related to bankruptcy fears last week. The stock plunged more than 35 percent on Tuesday. Chen believes Patriot Coal has a 50/50 chance of either filing for Chapter 11 by the end of this year or averting a liquidity crisis.

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

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: BofA/Merrill Lynch Downgrades Cliffs Natural Resources (CLF) to Underperform
• Keefe, Bruyette & Woods Downgrades Lincoln National (LNC) to Market Perform
• UPDATE: Macquarie Downgrades Sprint (S) to Neutral

Create E-mail Alert Related Categories

Downgrades

Related Entities

Bankruptcy

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?