Massey Energy Company (MEE) Maintains Buy Rating
By Benzinga Staff
March 18, 2010 11:07 AM
March 18, 2010 11:07 AM
Analysts at Jefferies & Company, Inc. have released an update on Massey Energy Company (NYSE: MEE).
Analysts believe that the company is currently well capitalized. Massey Energy is ranked as the largest, most diversified, and lowest cost coal producer in Central Appalachia. According to analysts, the company has a favorable product mix, an infrastructure, which is well capitalized, and the ability to generate strong margins even in a difficult market.
Taking all these factors into account, analysts believe the company’ shares are under priced at the moment.
Analysts at Jefferies & Company, Inc. have maintained their Buy rating and $62 price target for Massey Energy Company.
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