Dahlman Rose Downgrades Peabody Energy (BTU) to Hold; Met Coal Outlook Continues to Dim

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Dahlman Rose downgraded Peabody Energy (NYSE: BTU) from Buy to Hold.

Analyst, Daniel Scott, said, "Peabody has a strong balance sheet and is heavily diversified with stable, low-cost thermal operations in the Powder River Basin. We downgrade to Hold based on a lack of sufficient upside through 2013 with our updated price estimates."

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

Shares of Peabody Energy closed at $21.63 yesterday, with a 52 week range of $18.78-$49.56.

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