Market Overview

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

Related KOL
Energy High-Yield Default Risk Is At Its Highest Level Of 2015
Dennis Gartman May Get Bullish On Coal
Coal forecast cut at J.P. Morgan, equities extend recent rise anyway (Seeking Alpha)
Related SXC
Mid-Morning Market Update: Markets Mostly Lower; Verizon Q2 Profit Tops Views
Worst Performing Industries For June 16, 2015

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


Related Articles (ACI + CNX)

View Comments and Join the Discussion!

Get Benzinga's Newsletters