Dahlman Rose Maintains Buy Rating on Peabody Energy

Symbols: BTU
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According to Dahlman Rose, Peabody Energy (NYSE: BTU) Buy rating is maintained.

Dahlman Rose said that Peabody reported FY11 adjusted EBITDA of $2.22Bn, slightly ahead of the estimate and consensus. “The 1Q12 guidance, including MCC, was initiated below consensus. The company is making large investments in MCC cost structure – looking for accretion next year.”

Peabody Energy closed yesterday at $48.


 
 
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