MKM Partners analyst Daniel Scott kept his Buy rating and $54 price target on Peabody Energy but lowered his Q4 EBITDA estimate to $341M from $393M after the company disclosed a fire at its flagship Australian coking coal mine on Friday. The analyst notes that while the company kept its FY coking coal sales guidance in spite of shuttering the mine for the rest of Q4, he expects the average realized price to decline from the loss of North Goonyella. After Friday's 13% decline in the stock price, Scott also believes that Peabody Energy shares now "more than fully" discount the loss of the mine.