Nomura Securities Reiterates a 'Buy' on CONSOL Energy (CNX); Recovery in Met Coal

Nomura Securities reiterates a 'Buy' on CONSOL Energy (NYSE: CNX) price target of $45.00.

Analyst, Curt Woodworth, said, "The CNX 1Q conference call was hard to characterize, but odd would be a good place to start. The significant focus deciphering the relatively weak LV ASP relative to benchmark overshadowed very strong thermal volume guidance and a much faster restart at Blacksville than forecast. Also, the recovery in spot met prices and stabilization in pig iron trends in Europe enabled the restart of the Buchanan mine, CNX's most profitable business segment. We are increasing 2012 EPS estimates from $1.30 to $1.65, as we had assumed Blacksville to be down the remainder of the year."

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

Shares of CONSOL Energy closed at $33.21 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'