FBR Capital Markets raised the rating on Patriot Coal Corporation (NYSE: PCX), CONSOL Energy Inc. (NYSE: CNX), and Cloud Peak Energy Inc. (NYSE: CLD). All were raised to Outperform, but the standout call is how much some of these price targets are being increased.
Cloud Peak Energy Inc. (NYSE: CLD) was taken to Outperform from Market Perform, and the target was raised to $28.00 from $23.00. Shares are trading up 1.6% at $20.95 and the 52-week trading range is $12.82 to $23.56.
CONSOL Energy Inc. (NYSE: CNX) was taken to Outperform from Market Perform, and the target was raised to $61.00 from $48.00. Shares are trading up 2% at $43.79 and the 52-week trading range is $31.08 to $58.00.
Patriot Coal Corporation (NYSE: PCX) was taken to Outperform from Market Perform, and the target was raised to $21.00 from $16.00. Shares are trading up 3.1% at $16.85 and the 52-week trading range is $9.76 to $24.25.
The move has the coal ETF via the Market Vectors Coal ETF (NYSE: KOL) trading up 1.1% as well at $44.91 and its 52-week range is $28.35 to $46.30.
JON C. OGG
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