Goldman Sachs Pans Coal (ACI, FCL, ICO, BTU, MEE, CNX)

Print Email

Goldman Sachs has downgraded its coverage in Coal Stocks this morning.   Goldman Sachs is basing this partly on the 30% gains seen, and valuations are stretched.

There were several downgraded from a Neutral rating down to SELL: Arch Coal (NYSE: ACI), Foundation Coal (NYSE: FCL), International Coal Group (NYSE: ICO), and Massey Energy (NYSE: MEE).  Two others escaped with a little more dignity, but these were still downgraded to Neutral ratings from Buy: Peabody Energy (NYSE: BTU) and Consolidated Energy (NYSE: CNX).

Jon C. Ogg
February 15, 2008