Sterne Agee Initiates Coverage on ANR, ACI, CNX, JRCC, PCX, BTU, WLT

Sterne Agee has initiated coverage on the following companies:

Alpha Natural Resources - (NYSE: ANR) Buy - Target: $35.00

Arch Coal - (NYSE: ACI) Neutral - Target: $23.00

Consol Energy - (NYSE: CNX) Buy - Target: $60.00

James River Coal Company - (NASDAQ: JRCC) Buy - Target: $15.00

Patriot Coal - (NYSE: PCX) Neutral - Target: $12.50

Peabody Energy - (NYSE: BTU) Buy - Target: $60.00

Walter Energy - (NYSE: WLT) Underperform - Target: $90.00