HSBC Starts BTU, ACI at Outperform, MEE, CNX at Neutral

November 18, 2009 8:12 AM EST

An analyst at HSBC initiated coverage on several US stocks in the Coal sector today:

  • Peabody Energy (NYSE: BTU) with an Overweight rating and a $57 price target
  • Arch Coal (NYSE: ACI) with an Outperform rating and a $30 price target
  • Massey Energy (NYSE: MEE) with a Neutral rating and a $40 price target
  • Consol Energy (NYSE: CNX) with a Neutral rating and a $50 price target


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Stocks Mentioned

ACI 21.04

+0.91 +4.52%
Volume: 5,442,202
Track ACI

BTU 42.46

+2.01 +4.97%
Volume: 7,759,153
Track BTU

CNX 46.66

+2.08 +4.67%
Volume: 4,035,223
Track CNX

MEE 40.17

+1.91 +4.99%
Volume: 4,926,018
Track MEE


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