B. Riley Securities has decided to maintain its Buy rating of Peabody Energy BTU and lower its price target from $34.00 to $33.00.
Shares of Peabody Energy are trading up 9.7% over the last 24 hours, at $20.58 per share.
A move to $33.00 would account for a 60.35% increase from the current share price.
About Peabody Energy
Peabody Energy Corp mines and sells coal through approximately 17 coal mines in the United States and Australia. The Company is engaged in the mining of thermal coal for sale to electric utilities and metallurgical coal for sale to industrial customers. Peabody also markets and brokers coal, both as principal and agent, and trades coal and freight-related contracts. The company operates in the following segment: Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, Midwestern U.S. Mining, Other U.S. Thermal Mining, and Corporate and Other.
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