Nomura Securities Downgrades Peabody Energy (BTU) to Reduce on Earnings Risk and Weak Growth
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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
UPDATE: Nomura Securities Downgrades Alpha Natural Resources (ANR) to Neutral on Earnings and FCF Risks
October 12, 2012 7:38 AM EDT(Updated - October 12, 2012 7:51 AM EDT)
Nomura Securities downgraded Alpha Natural Resources (NYSE: ANR) from Buy to Neutral with a price target of $8.00 (from $11.00).
"We are downgrading Alpha to Neutral (from Buy) owing to more significant earnings and FCF risks than previously modeled,"... More
