CONSOL Energy Lifted to Neutral
March 17, 2011 at 09:16 AM EDT
We have upgraded our rating on the diversified fuel producer CONSOL Energy Inc. (CNX) to Neutral from Underperform. The upgrade takes into consideration the strong production outlook and consistent reserve replacements of the company. The headwinds for CONSOL Energy are its concentration of operation in Northern Appalachia, dependence on a limited group of customers who [...]