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Fly News Breaks for March 20, 2019
BTU
Mar 20, 2019 | 05:03 EDT
BMO Capital analyst David Gagliano started Peabody Energy with a Market Perform rating and $34 price target. The company offers relatively lower leverage to underlying met coal prices versus "pure-play" peers, Gagliano tells investors in a research note. Further, he believes investors at current valuation levels are already being compensated for Peabody's "strong" balance sheet and diversified asset base.
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