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