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Goldman Cuts Rating on Coal Sector, Says Don't Buy Dip

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Goldman Sachs downgraded its sector rating on the coal group from Attractive to Neutral earlier.

Goldman warned against buying this week's dip, saying a recovery is already priced in.

The firm has buy ratings on SunCoke Energy and CONSOL Energy and sell ratings on Arch Coal and Walter Energy.

Posted-In: Analyst Color Downgrades Analyst Ratings

 

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