Dahlman Rose Downgrades Walter Energy (WLT) to Hold; Most Heavily Exposed

September 4, 2012 7:50 AM EDT
Get Alerts WLT Hot Sheet
Price: $0.16 --0%

Rating Summary:
    3 Buy, 19 Hold, 6 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
Trade WLT Now!
Join SI Premium – FREE
Dahlman Rose downgraded Walter Energy (NYSE: WLT) from Buy to Hold.

Analyst, Daniel Scott, said, "Walter is far and away the most heavily exposed met name in our group, with 9.6 million tons of premium quality met sales in 2013 and 3.0 million tons of high-quality PCI, according to our estimates...The company began 2012 with $128 million in cash. Even if expected capital expenditures through 2013 are not lowered, Walter should have adequate liquidity to weather the 2013 storm. We downgrade to Hold based on the weak short-term outlook, but expect the company to recover strongly in the event of a recovery."

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 $32.70 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories


Add Your Comment