Peabody Reports Earnings For Quarter Ended June 30, 2017; Formalizes Debt Reduction And Capital Return Initiatives

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Peabody Energy (BTU) PT Raised to $32 at Stifel Following 2Q

August 2, 2017 4:12 PM EDT

Stifel raised its price target on Peabody Energy (NYSE: BTU) to $32.00 (from $30.00) while maintaining a Hold rating following the company's 2Q earnings release. Peabody reported 2Q17 adjusted EBITDA of $317.8 million in its first quarter of operations following its emergence from bankruptcy on April 2. The Street... More