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Dahlman Rose Upgrades Cloud Peak Energy (CLD) to Buy; Steady Met and Rising Thermal Drive Bullish 2013 View

August 26, 2011 7:25 AM EDT
Get Alerts CLD Hot Sheet
Price: $0.16 --0%

Rating Summary:
    4 Buy, 10 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Dahlman Rose upgraded Cloud Peak Energy (NYSE: CLD) from Hold to Buy with a price target of $24.00.

Dahlman analyst says, "...An improving Powder River Basin price, coupled with a favorable valuation, lead us to upgrade shares of Cloud Peak to a Buy from Hold. On the met coal side, we see 2013 prices remaining flat y/y after dropping from current elevated levels into 2012."

For more ratings news on Cloud Peak Energy click here and for the rating history of Cloud Peak Energy click here.

Shares of Cloud Peak Energy closed at $18.35 yesterday.


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