In a report by Raymond James analyst James Rollyson published Friday, the analyst warned of some concerns related to metallurgical coal in 2013-2014.
Rollyson called supply growth in the met coal market "stubbornly resilient" and said global demand growth has been "tepid at best."
The analyst reduced his 2013 forecast for metallurgical coal from $174.24 to $160.50 and his forecast for 2014 from $196.25 to $165.
Rollyson downgraded the following stocks this morning:
Market News and Data brought to you by Benzinga APIs- Alpha Natural Resources ANR from Outperform to Underperform
- Arch Coal Inc. ACI, James River Coal JRCC, and Walter Energy WLT from Market Perform to Underperform.
- Peabody Energy BTU Outperform to Market Perfom.
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