Nomura Securities Starts Peabody Energy (BTU) at Neutral

Nomura Securities initiates coverage on Peabody Energy (NYSE: BTU) with a Neutral. PT $38.00.

Analyst, Curt Woodworth, said, "Our Neutral rating reflects more our concern with BTU’s ability to generate profitable growth as coking coal and PCI prices revert to more-normalized levels and cost headwinds at MCC potentially linger into 2013, reducing the probability of accretion. FY12E/13E revenues $8882m / $10069m; 2012E/2013E EPS $2.70 / $3.65."

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

Shares of Peabody Energy closed at $35.17 yesterday.

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