Coal Stock Winners & Losers: Peabody, Arch - TheStreet

Coal Stock Winners & Losers: Peabody, Arch

Peabody has fallen sharply after an analyst downgraded its recommendation on the company.
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NEW YORK (

TheStreet

) -- Coal company

Peabody

(BTU) - Get Report

has fallen sharply after an analyst downgraded its recommendation on the company.

Peabody tumbled by 4.4% to $48.60 Monday afternoon after

Howard Weil

cut its recommendation on the stock to market perform from market outperform because the firm foresees more upside in other related stocks, according to the

Wall Street Journal

.

Patriot Coal

(PCX)

has also fallen, down 0.8% to $20.30, after

Dahlman Rose & Co

upgraded Patriot to "hold" from "sell," on the basis of an improvement in U.S. metallurgical coal fundamentals, driven by robust demand in Asia, and domestic steel capacity utilization, says

Reuters.

Arch Coal

(ACI) - Get Report

, on the other hand, has added 1.8% at $27.30 after

Morgan Stanley

(MS) - Get Report

upgraded it to overweight from underweight, explaining that thermal coal inventory at power generators could fall faster than expected, according to

Reuters.

At the same time Howard Weil has raised Arch to market outperform from market perform.

-- Reported by Andrea Tse in New York

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