Stifel Resumes CONSOL Energy (CEIX) at Hold

Stifel resumes coverage on CONSOL Energy (NYSE: CEIX) with a Hold rating and a price target of $40.00.

Analsyt Vincent Anderson commented, "We are resuming coverage of CONSOL Energy with a Hold rating, as part of the Metals & Mining segment within our broader Materials coverage universe. Our expectations are for multiple recent tailwinds to coal pricing to fade and headwinds from domestic power demand to reemerge in the coming years. Despite our outlook, CONSOL remains relatively well positioned vs. peers given its high-quality coal assets and wholly-owned export terminal, supporting solid cash flows."

For an analyst ratings summary and ratings history on CONSOL Energy click here. For more ratings news on CONSOL Energy click here.

Shares of CONSOL Energy closed at $41.65 yesterday.

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