UPDATE: Citigroup Downgrades Walter Energy on Lowered 2014 EBITDA Estimate
November 18, 2013 at 10:19 AM EST
In a report published Monday, Citigroup analyst Brian Yu downgraded the rating on Walter Energy (NYSE: WLT ) from Buy to Neutral, and lowered the price target from $20.00 to $19.00. In the report, Citigroup noted, “Spot benchmark hard coking coal (HCC) prices have dropped down to $141/tonne (Australia) vs
