BB&T Capital Downgrades SunCoke Energy (SXC) to Hold

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Goldman Sachs Cut Met Prices, PTs in on U.S. Coal Stocks (ANR) (BTU) (WLT) (more...)

December 10, 2012 8:45 AM EST

Analysts at Goldman Sachs cut met coal prices, saying they see a slower, longer grind back to mid-cycle.

Goldman cut 2013/2014 benchmark met coal prices by 8%/3% to $178/$195 per MT, respectively. The firm said a reductions to their forecasts for China, Europe and Japan seaborne imports mean less Australia... More