FBR Capital Reiterates Bullish Stance on Cloud Peak Energy (CLD) Following Investor Meetings

FBR Capital analyst Mitesh Thakkar reiterated an Outperform rating and $18 price target on Cloud Peak Energy (NYSE: CLD) following investor meetings with management.

Thakkar commented, "Last week, we hosted several investor meetings with the Cloud Peak Energy, Inc. (CLD) management team. The key themes from the meetings included: (1) potential for FCF generation starting in 2016; (2) development of the project pipeline; (3) acquisition optionality; (4) cost trends heading into 2015; (5) export exposure and sensitivity; (6) alternative corporate structure; and (7) PRB coal contracting and deliverability. While CLD shares have come under pressure due to choppy rail service, a mild summer, and weak export prices, we believe the company remains on track for generating solid free cash flow in 2016, and its solid balance sheet should provide flexibility to pursue additional growth opportunities."

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 $13.60 yesterday.

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