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 23.60

-0.99 -4.03%
Volume: 9,661,586
Track ACI

BTU 47.00

-1.11 -2.31%
Volume: 7,092,290
Track BTU

CNX 45.55

-1.88 -3.96%
Volume: 6,011,681
Track CNX

MEE 49.91

-1.74 -3.37%
Volume: 6,500,083
Track MEE


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