Nomura Securities Starts Peabody Energy (BTU) at Neutral
Get Alerts BTU Hot Sheet
Price: $25.50 +2.78%
Rating Summary:
7 Buy, 12 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 20 | New: 35
Rating Summary:
7 Buy, 12 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 20 | New: 35
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Nomura Securities initiates coverage on Peabody Energy (NYSE: BTU) with a Neutral. PT $38.00.
Analyst, Curt Woodworth, said, "Our Neutral rating reflects more our concern with BTU’s ability to generate profitable growth as coking coal and PCI prices revert to more-normalized levels and cost headwinds at MCC potentially linger into 2013, reducing the probability of accretion. FY12E/13E revenues $8882m / $10069m; 2012E/2013E EPS $2.70 / $3.65."
For an analyst ratings summary and ratings history on Peabody Energy click here. For more ratings news on Peabody Energy click here.
Shares of Peabody Energy closed at $35.17 yesterday.
Analyst, Curt Woodworth, said, "Our Neutral rating reflects more our concern with BTU’s ability to generate profitable growth as coking coal and PCI prices revert to more-normalized levels and cost headwinds at MCC potentially linger into 2013, reducing the probability of accretion. FY12E/13E revenues $8882m / $10069m; 2012E/2013E EPS $2.70 / $3.65."
For an analyst ratings summary and ratings history on Peabody Energy click here. For more ratings news on Peabody Energy click here.
Shares of Peabody Energy closed at $35.17 yesterday.
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