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Fly News Breaks for November 20, 2015
BTU
Nov 20, 2015 | 05:52 EDT
UBS analyst Matt Murphy downgraded Peabody Energy (BTU) to Sell after his firm cut its 2016-2020 seaborne thermal and hard coking coal real-price forecasts. The U.S. coal space is likely to remain in a prolonged state of oversupply, Murphy tells investors in a research note. He cut his price target for shares to $6 from $33.
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