Consol stock near 3-year high

Investor's Business Daily

Coal and natural gas company Consol Energy (CNX) shares rose to a nearly 3-year high Fri. on its plans to boost natural gas production in the Marcellus shale. Citing its strong free cash flow and growing position in the Marcellus fields, Goldman Sachs on Fri. raised its rating to buy from neutral, and lifted its price target to 55 from 49. The upgrade came the same day Goldman cut its rating on coal rival Peabody Energy (BTU) to neutral from buy. Consol share rose 0.1% to 47.45 and Peabody fell 1.5% to 16.34.

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