Brean Murray Carret & Co. maintains a 'Hold' on Walter Energy (WLT); Report Suggest Anglo May Be Considering An Offer

Brean Murray Carret & Co. maintains a 'Hold' on Walter Energy (NYSE: WLT) price target of $103.

Brean analyst says, "...The bottom line is that, in our view, Peabody (NYSE: BTU) and Arcelor's (NYSE: MT) recent agreement to buy Macarthur at a healthy multiple shows that met coal assets are still in high demand. Thus, yesterday evening's media reports suggesting that Anglo (OTC: AAUKY) is considering a bid for Walter are certainly not unreasonable, in our opinion. This is especially true, given that Walter's current stock price is down almost 50% from its 2011 peak."

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

Shares of Walter Energy closed at $74.99 yesterday.

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