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Fly News Breaks for March 29, 2018
CLD
Mar 29, 2018 | 07:03 EDT
JPMorgan analyst John Bridges last night downgraded Cloud Peak Energy to Underweight from Neutral without a price target. The analyst sees higher risk for the company from lower natural gas prices as production ramps up from the Permian basin. He also believes Cloud Peak has a "lesser diversified production profile" with exposure to thermal coal only.
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