Market Overview

UPDATE: Goldman Sachs Upgrades Walter Energy on Improving Risk/Reward Outlook

Share:

In a report published Friday, Goldman Sachs analyst Neil Mehta upgraded the rating on Walter Energy (NYSE: WLT) from Sell to Neutral, and raised the price target from $10.00 to $15.00.

In the report, Goldman Sachs noted, “After underperforming the S&P500 over the last two years, we upgrade WLT from Sell to Neutral. Since being added to the Americas Sell list on August 11, 2011, WLT returned -82% versus other US coal stocks of -38% and the S&P500 +45%.”

Walter Energy closed on Thursday at $13.77.

Latest Ratings for WLT

DateFirmActionFromTo
Oct 2014BB&T CapitalDowngradesHoldUnderweight
Oct 2014FBR CapitalMaintainsMarket Perform
Oct 2014Bank of AmericaMaintainsUnderperform

View More Analyst Ratings for WLT
View the Latest Analyst Ratings

Posted-In: Goldman Sachs Neil MehtaAnalyst Color Upgrades Analyst Ratings

 

Related Articles (WLT)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
COMMJP MorganInitiates Coverage On0.0
KEYWSunTrust Robinson HumphreyDowngrades0.0
ISRGCanaccord GenuityMaintains575.0
PBCTFig PartnersDowngrades0.0
CNSGabelli & Co.Downgrades0.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

Summary of Highlights from Nike's Q1 Earnings Call

UPDATE: Goldman Sachs Downgrades Cloud Peak Energy on Less Constructive Price, Volume Outlook