Scotia Capital Maintains Sector Perform on Walter Energy

Scotia Capital is out with its report today on Walter Energy WLT, maintaining Sector Perform. In a note to clients, Scotia Capital writes, "We maintain our 2-Sector Perform rating and US$150 one-year target price. We do not expect any material alterations to Walter Energy's operating strategy at this time, and our estimates remain unchanged." At the time of posting, shares of WLT were trading pre-market at $121.60, up 0.56% from Friday's close.