Coal Producers Stumble, Led by Peabody Energy
September 8th, 2006Shares of coal producers fell widely Thursday, led by St. Louis-based Peabody Energy Corp.
Late Wednesday, Peabody Energy said lower third-quarter shipments will mean its 2006 production will be at the low end of its previous guidance.
In response, several analysts slashed their third-quarter earnings projections for Peabody Energy, including Morgan Stanley’s Mark Liinamaa. He cut his [...]