HSBC Initiates Coverage on Several Coal Stocks (BTU, ACI, MEE, CNX)
Posted on November 18, 2009 at 09:08 AM EST
Analysts at HSBC have started coverage on a number of coal sector-related stocks today. Here is a breakdown of the newly-minted ratings on these stocks: Peabody Energy (BTU) – Started as “Overweight” with a $57 price target. Shares closed at $47.04 on Tuesday.3.4 Arch Coal (ACI) – Initiated as an “Outperform” with a $30 price target. Shares had [...]