Dahlman Rose Reiterates Buy Rating on Walter Industries (WLT)

Dahlman Rose & Co. is out with a research report this morning, where it reiterates its Buy rating on Walter Industries

; it has a $118.00 price target on the stock. The Dahlman analysts cited the company’s most recent earnings report, where it said the company sold 700K tons of metallurgical coal at an average price of $240 per metric ton. Management said they believe that they will be able to sell the remaining 1.75 to 1.95MM open tons for an average of $237. The analysts also noted that WLT recorded EBITDA that beat their estimates, saying they expect the company’s cash balance to continue to grow following the generating of $148 million in free cash flow this quarter.