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Deutsche Bank Downgrades Patriot Coal (PCX) to Hold; Uncertainty of Financing Arrangements

May 23, 2012 7:07 AM EDT
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Price: $10.20 --0%

Rating Summary:
    1 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 36
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Deutsche Bank downgraded Patriot Coal (NYSE: PCX) from Buy to Hold.

Deutsche analyst said, "We downgrade our rating on Patriot Coal to Hold on the back of the volatility of the stock due to timing and uncertainty of financing arrangements and outcome of a recent customer default."

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 $2.18 yesterday.


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