Deutsche Bank Downgrades Walter Energy (WLT) to Hold

January 9, 2013 9:06 AM EST Send to a Friend
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Price: $0.88 +6.02%

Rating Summary:
    3 Buy, 19 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 16 | Down: 17 | New: 15
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Deutsche Bank downgraded Walter Energy (NYSE: WLT) from Buy to Hold with a price target of $42.00.

"WLT has shown progress in recent qtrs and cost gains will continue but we now believe these improvements and a met recovery are 'priced-in,' the analyst said.

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 $38.78 yesterday.

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