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

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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