Cloud Peak Energy (CLD) Misses Q1 EPS by 38c, Updates Guidance

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Go back to Cloud Peak Energy (CLD) Misses Q1 EPS by 38c, Updates Guidance

FBR Capital Downgrades Cloud Peak Energy (CLD) to Underperform

April 29, 2016 9:18 AM EDT

FBR Capital downgraded Cloud Peak Energy (NYSE: CLD) from Market Perform to Underperform with a price target of $1.25 (from $1.50).

Analyst Lucas Pipes commented, "We are lowering our rating on Cloud Peak Energy to Underperform from Market Perform following its 1Q16 miss amid exceptionally challenging industry fundamentals. While we remain constructive on 2017 natural gas prices, we... More