Goldman Sachs Starts Cloud Peak Energy (CLD) at Neutral

Goldman Sachs initiates coverage on Cloud Peak Energy (NYSE: CLD) with a Neutral rating and $24 price target.

The firm calls Cloud Peak Energy the only publicly-traded "pureplay" PRB coal producer.

Goldman is positive on the company earnings/returns resiliency at a time most US coal businesses are under significant downward pressure. That said they firm rates shares at Neutral as the shares have less attractive catalysts and upside versus Buy-rated CONSOL Energy Inc. (NYSE: CNX).

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

Shares of Cloud Peak Energy closed at $18.78 yesterday.

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