Peabody Energy downgraded to Hold from Buy at Brean Murray Brean Murray downgraded Peabody Energy citing valuation, weak market conditions, reduced met coal forecasts, and lack of catalysts.
News For BTU From The Last 14 Days
Check below for free stories on BTU the last two weeks.
Peabody Energy targeting FY13 capital spending $450M-$550M Company says this is approximately 50% below FY12 levels, as it is deferring early-stage growth projects. Company said Q1 capital spend approximately 70% below prior-year levels. Guidance given in slides ahead of presentation to be made at Bank of America-Merrill Lynch 2013 Global Metals and Mining Conference.
Kansas City Southern says coal volumes are up 5% in Q2 On its presentation at the Wells Fargo conference the CFO said that coal volumes are up approximately 5% in Q2.
Subscribe for More Information