Peabody Energy: Is the Selling Overdone?
July 01, 2015 at 14:32 PM EDT
Yes, Sterne Agee CRT’s Michael S. Duda and Satyadeep Jain, who stand by their Buy rating on beaten-down coal miner Peabody Energy (BTU). They explain why: We believe today’s volatility is due to: Peabody’s indication of weather-related Q2 2015 PRB volume deferrals (mine de-watering, slower rail velocity) and lower realized spot met pricing from its [...]
