UPDATE: Nomura Securities Downgrades Alpha Natural Resources (ANR) to Neutral on Earnings and FCF Risks
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Nomura Cuts Walter Energy (WLT) Price Target in Half
October 12, 2012 7:53 AM EDTNomura Securities cut estimate and its price target on Neutral-rated Walter Energy (NYSE: WLT) from $70 to $35.
"We have lowered our 2013 benchmark coking coal view to $185/tone (was $220/tonne) and our 2014 forecast to $195/tonne (was $200/tonne)," analyst Curt Woodworth said. "We expect... More
Nomura Securities Downgrades Peabody Energy (BTU) to Reduce on Earnings Risk and Weak Growth
October 12, 2012 7:48 AM EDTNomura Securities downgraded Peabody Energy (NYSE: BTU) from Neutral to Reduce with a price target of $22.00 (from $25.00) to reflect more conservative forward multiples given elevated earnings risk and weaker growth rates.
"We expect continued supply rationalization among the higher-cost producers, which should start... More
