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


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

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


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Latest Ratings

COMMJP MorganInitiates Coverage On0.0
KEYWSunTrust Robinson HumphreyDowngrades0.0
ISRGCanaccord GenuityMaintains575.0
PBCTFig PartnersDowngrades0.0
CNSGabelli & Co.Downgrades0.0
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