Nomura Downgrades Peabody Energy To Reduce

Analysts at Nomura downgraded Peabody Energy (NYSE: BTU) from Neutral to Reduce.

The target price for Peabody Energy has been lowered from $13 to $11.

Peabody Energy shares have declined 21.77% over the past 52 weeks, while the S&P 500 index has jumped 16.88% in the same period.

Peabody Energy's shares fell 2.22% to close at $14.12 yesterday.