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Fly News Breaks for April 2, 2018
BTU
Apr 2, 2018 | 14:23 EDT
B. Riley FBR analyst Lucas Pipes believes Peabody Energy's capital return story remains underappreciated at current share levels. The analyst boosted his price target for the stock to $51 from $50 and keeps a Buy rating on the name.
News For BTU From the Last 2 Days
BTU
Mar 26, 2024 | 16:25 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
BTU
Mar 26, 2024 | 12:52 EDT
Shares of companies with exposure to coal are moving lower following the collapse of the Francis Scott Key Bridge in Baltimore. The bridge provides the entryway to the Helen Delich Bentley Port of Baltimore, the largest port in the U.S. for specialized cargo, and is also a gateway for bulk cargo like coal and petroleum products. Baltimore was the top loading location for U.S. thermal coal exports in 2023, according to the U.S. Census Bureau. Consol Energy (CEIX) says on its website that its Baltimore Marine terminal is one of two coal export terminals on the Eastern Seaboard with the ability to serve the largest ocean-going ships in the world, and the only one served by two rail lines. Shares of Consol Energy are down 8% to $79.86 in afternoon trading while Arch Resources (ARCH) is down 3% and Peabody Energy (BTU) is down 1%.