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

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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, with a 52 week range of $1.36-$24.99.

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