B. Riley Upgrades Peabody Energy to Buy Rating with $30 Price Target
B. Riley has upgraded Peabody Energy (BTU) from Neutral to a 'Buy' rating, setting a price target of $30 per share. The analyst cited the company's compelling valuation and attractive thermal coal dynamics as primary drivers for the upgrade, noting that these factors are not currently reflected in the stock's market price. Despite the positive outlook, Peabody Energy shares saw a slight decline of 0.5% during Monday's trading session. The upgrade also highlights potential upside related to progress at Centurion, suggesting that strategic developments could further enhance shareholder value.
Topics: analyst price target stock rating upgrade valuation
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