UPDATE: Goldman Sachs Upgrades Cloud Peak Energy to Buy on Cost and Balance Sheet Strength
Posted on March 04, 2013 at 09:41 AM EST
Goldman Sachs upgraded Cloud Peak Energy (NYSE: CLD ) from Neutral to Buy and raised the price target from $19.00 to $21.00. Goldman Sachs noted, "We see 26% return to a $21, six-month, multiples-based price target (from $19) and expect shares to outperform as PRB coal/natural gas prices rise (pattern