Walter Energy downgraded to Market Perform from Outperform at Clarkson Clarkson Capital downgraded Walter Energy due to the recent debt/equity swap and the risk of potential further equity dilution. Price target lowered to $9.
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).