Nomura Cuts Walter Energy (WLT) Price Target in Half
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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
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
