BMO Capital Markets Maintains Walter Energy Market Perform, $135 PT

BMO Capital Markets maintained its Walter Energy WLT Market Perform rating and $135 price target in a research report published today. In the report, BMO Capital Markets states, "Recent market volatility suggests it is a bit too early to upgrade, but there is attractive value here for long-term investors. Since the Western merger, Walter has diversified its asset base with access to both the Pacific and Atlantic basins and remains a large, liquid met coal play with about 85% of revenues coming from met coal sales." Shares of Walter Energy closed today at $108.15, down 0.87% from Thursday's market close.