Peabody Energy - The U.S. Coal Producer Benefits from Rising Coal Demand!
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Business drivers: Peabody Energy (BTU) operates coal mines in the U.S. and Australia and focuses on the extraction of thermal coal for electricity generation as well as metallurgical coal for steel production. Due to the emerging economic recovery, Peabody Energy is particularly benefiting from increased sales of metallurgical coal for U.S. steel production. On September 25, Texas Capital Services started coverage with a Buy rating and a price target of $27
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