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Fly News Breaks for February 19, 2020
CEIX
Feb 19, 2020 | 07:05 EDT
As previously reported, Benchmark analyst Mark Levin initiated coverage of Consol Energy with a Buy rating and $11 price target. He thinks "plenty" of bad news is already priced into the stock after Consol shares fell 54% in 2019 and are down another 57% this year, Levin said, adding that Consol "is a survivor, even as utility coal demand continues to fall over the next 5-10 years" since it produces some of the highest heat content coal in the world from some of the most productive and lowest-cost underground coal reserves.
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