Dahlman Rose Reiterates Buy on Peabody Energy

Dahlman Rose is out with its report today on Peabody Energy BTU, reiterating Buy. In a note to clients, Dahlman Rose writes, "We are adjusting our 3Q11 and 2011 EBITDA estimate to $667MM and $2,403MM, respectively, from $700MM and $2,415MM. We continue to view the company's growing Australia platform as attractive and are reiterating our Buy rating and $84 price target on BTU shares." At the time of posting, shares of BTU were trading pre-market at $61.45, up 1.29% from Tuesday's close.