Cloud Peak downgraded to Market Perform from Outperform at BMO Capital BMO Capital downgraded Cloud Peak Energy to Market Perform citing valuation following the company's weaker than expected Q1 results. The firm keeps a $21 price target for shares.
Cloud Peak names Kendall Carbone as Chief Accounting Officer Cloud Peak Energy said in a filing that on March 16, the company announced the completion of its previously disclosed CFO transition. The resignation of CPE’s former EVP and CFO, Michael Barrett, was effective at the close of business on Monday, March 16. Heath Hill, CPE’s VP and Chief Accounting Officer, was promoted to EVP and CFO effective upon Barrett’s resignation. Also effective March 16, CPE promoted Kendall Carbone from Assistant Chief Accounting Officer to VP and Chief Accounting Officer. Carbone joined CPE as Assistant Chief Accounting Officer in January 2015.