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Goldman Sachs Upgrades Peabody Energy (BTU) to Buy

June 20, 2011 6:57 AM EDT
Get Alerts BTU Hot Sheet
Price: $24.09 --0%

Rating Summary:
    6 Buy, 11 Hold, 8 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 9 | Down: 17 | New: 16
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Goldman Sachs upgraded Peabody Energy (NYSE: BTU) from Neutral to Buy citing its direct exposure to international thermal coal and leading organic growth platform.

The firm raised its price target from $74 to $76, suggesting 42% upside.

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 $53.87 yesterday.


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