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.
Image source: Getty Images.
Source Fool.com
Bank of Montreal Stock
€124.32
0.130%
We see a rather positive sentiment for Bank of Montreal with 6 Buy predictions and 2 Sell predictions.
As a result the target price of 144 € shows a slightly positive potential of 15.83% compared to the current price of 124.32 € for Bank of Montreal.
