Alpha Natural downgraded to Hold from Buy at Jefferies Jefferies downgraded Alpha Natural as the firm thinks that coal producers could be hurt by lower natural gas prices, while global met coal prices are unlikely to increase dramatically. Target $4.50.
Joy Global sees U.S coal market to be challenged in 2015 Joy Global says U.S. coal exports are likely to decline this year. Falling gas prices attributable to warmer weather will result in a switch to gas for electricity production. Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).