UBS analyst Matt Murphy double downgraded Cloud Peak Energy (CLD) to Sell from Buy after his firm cut its 2016-2020 seaborne thermal and hard coking coal real-price forecasts. The U.S. coal space is likely to remain in a prolonged state of oversupply, Murphy tells investors in a research note. He cut his price target for shares to $2.50 from $5.50. The analyst also downgraded this morning Peabody Energy (BTU) to Sell from Neutral with a $6 price target and cut his price target for Sell-rated Arch Coal (ACI) to 50c from $1.50.

JPMorgan analyst Ken Goldman added Albertsons (ACI) to the firm's Analyst Focus List as a value idea and placed the stock on "Positive Catalyst Watch" following the fiscal Q4 earnings release. The "gap between the current share price and fair value is too wide," the analyst tells investors in a research note. The firm says its trimming of out-year estimates does not impair Albertsons' standalone value, which it estimates at $24 per share. JPMorgan continues to believe the stock's valuation discount to Kroger (KR) is too wide given the companies similarities. It also believes the probability that Albertsons gets bought has increased, given yesterday's announcement that additional stores and services will be sent C&S's way. The firm says the risk/reward for Albertsons stock "is becoming too appealing to ignore." It keeps an Overweight rating on the name with a $27 price target.