Peabody Energy: Wait, Someone Still Rates It a Buy?
July 29, 2015 at 14:47 PM EDT
Citigroup’s Brian Yu and Jessica Idiculla explain why they still rate Peabody Energy (BTU) a Buy despite its 84% drop this year: Luke Sharrett/Getty Images After incorporating 2Q results and updated guidance, we are lowering our 2015 adjusted EBITDA (EPS) estimate to $445 mln (-$2.73) and 2016 to $727 mln (-$1.55). Reflecting the increase in [...]
