Goldman Sachs Downgrades Patriot Coal (PCX) to Sell

October 12, 2011 7:58 AM EDT
Get Alerts PCX Hot Sheet
Price: $10.20 --0%

Rating Summary:
    1 Buy, 8 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Patriot Coal (NYSE: PCX) from Neutral to Sell with a price target of $10.00.

The firm sees less attractive upside, returns, mid-cycle valuation, and limited catalysts in the absence of rising prices.

For more ratings news on Patriot Coal click here and for the rating history of Patriot Coal click here.

Shares of Patriot Coal closed at $10.23 yesterday.


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