Peabody Energy (BTU) Stock Price Target Lowered at Barclays

June 9, 2015 3:18 PM

57 0

Peabody Energy (BTU) Stock Price Target Lowered at Barclays

NEW YORK (TheStreet) -- Peabody Energy Corp. (BTU - Get Report) had its price target lowered to $4 from $6 by analysts at Barclays who maintained their 'equal weight' rating.

This action comes as the coal company reduced met coal production at North Goonyella Mine in Central Queensland, Australia, by a rate of 1.5mm tons per year and has taken a cut across its corporate cost structure, analysts said.

Read more

To category page

Loading...