October 18, 2013 12:06 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Friday, BMO Capital Markets analyst Meredith Bandy downgraded the rating on
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: ANR) from Market Perform to Underperform, and lowered the price target from $5.00 to $4.00.In the report, BMO Capital Markets noted, “BMO Research is downgrading Alpha Natural Resources to Underperform from Market Perform. Alpha continues to face headwinds in Appalachia due to cheap natural gas pricing and increased environmental regulation. BMO Research is forecasting ANR's Central Appalachian thermal coal production to decline by approximately 10Mtpa in 2014 based on lower coal pricing. ANR had previously indicated that as much as 10Mtpa of thermal coal production was incidental to met coal production and would not be cut, but in a looser coal market, that number may be substantially lower. BMO Research continues to prefer coal equities without exposure to high-cost Central Appalachian production, such as Peabody Energy (BTU-NYSE, US$17.40, Outperform).”Alpha Natural Resources closed on Thursday at $5.97.
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