Deutsche Bank Upgrades Peabody Energy (BTU) to Buy

Deutsche Bank upgraded Peabody Energy (NYSE: BTU) to Buy with a price target of $65.00.

Deutsche analyst says, "BTU, based in St. Louis, Missouri, is the world's largest private-sector coal company, with operations in the US and Australia. It is the leading producer in the Powder River Basin (PRB) and also one of the largest met coal producers contributing to the seaborne market. Growth depends on the successful execution of its roster of projects mainly in Australia. Given recent pull back in BTU's share price and the defensive nature of its thermal coal business, we are upgrading BTU to Buy."

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

Shares of Peabody Energy closed at $46.11 yesterday.

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