Dahlman Rose Maintains Buy Rating on Peabody Energy
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.







