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Fly News Breaks for April 26, 2017
BTU
Apr 26, 2017 | 05:54 EDT
JPMorgan analyst John Bridges reinstated coverage of Peabody Energy following a period of restriction with an Overweight rating, a double upgrade from his firm's prior Underweight rating. The analyst has a $35 price target for the shares. Limited interest in the shares from equity investors creates an opportunity, Bridges tells investors in a research note. Increased energy demand from a hot summer could give investors a "quick payback," the analyst adds.
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