UPDATE: Citi Downgrades CONSOL Energy (CNX) to Neutral

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BofA/Merrill Lynch Downgrades CONSOL Energy (CNX) to Neutral

December 2, 2014 12:56 PM EST

BofA/Merrill Lynch downgraded CONSOL Energy (NYSE: CNX) from Buy to Neutral with a price target of $40.00 (from $41.00) on a weaker energy price outlook.

Analyst Timna Tanners said a more modest long-term gas price to $4.70/MMBtu, closer to the forward curve,... More