Why Peabody Energy Stock Tumbled on Thursday
An analyst's price target cut was only the latest headwind buffeting coal miner Peabody Energy's (NYSE: BTU) stock. On Thursday, Peabody's shares fell by almost 9% as investors grew impatient waiting for positive news from or about the company.
That reduction, from BMO Capital's Katja Janic, was part of a broader analysis of how the first quarter might have played out for mining and metallurgical stocks. In the report, Janic lowered her Peabody price target to $40 per share from $44, while maintaining her outperform (read: buy) recommendation.
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Source Fool.com
Bank of Montreal Stock
€158.38
0.830%
Our community is currently high on Bank of Montreal with 10 Buy predictions and 3 Sell predictions.
However, we have a potential of -9.08% for Bank of Montreal as the target price of 144 € is below the current price of 158.38 €.
