Massey (MEE) Shares Underperforming as Davenport Downgrades to Neutral
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Shares of Massey Energy (NYSE: MEE) are underperforming the broader markets this afternoon as an analyst at Davenport downgraded the stock from Buy to Neutral earlier.
The firm cited valuation, noting that the stock price has now surpassed its $37 price target. Davenport also pointed out that the stock has risen by nearly 36% in November alone.
Visit our Analyst Ratings page to see all the upgrades/downgrades on shares of Massey.
Massey Energy Company, through its subsidiaries, produces, processes, and sells bituminous coal primarily in the United States.
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