Fly News Breaks for April 1, 2019
Apr 1, 2019 | 07:17 EDT
Deutsche Bank analyst Carlo Santarelli initiated coverage of Peabody Energy with a Buy rating and $35 price target. While coal faces some headwinds from the negative sentiment, the main attraction towards the stock is cash flow as the company benefits from a "strong" balance sheet post the restructuring in the last downturn, Santarelli tells investors in a research note. He views Peabody Energy's capital management program as attractive.
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