Brean Murray Carret & Co Comments On Walter Energy Sell-Side Event

According to Brean Murray Carret & Co, Walter Energy WLT hosted a sell-side event in New York yesterday to introduce the new management team. Brean Murray Carret & Co reported that new CEO Keith Calder was extremely optimistic about Walter's prospects. “We remain bullish on Walter Energy, with a Buy rating and $160 target price.” Walter Energy closed yesterday at $140.76.