Peabody Energy price target lowered to $32 from $36.50 at BMO Capital

theflyonthewall.com

After Peabody provided additional guidance for 1Q13 and FY13, BMO Capital slashed its FY13 EPS estimate for the company to 30c from $2.59 based on lower sales volumes and higher costs, particularly for Australia. The firm, however, believes that the U.S. coal markets may be turning the corner, and it maintains an Outperform rating on the shares.

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