Deutsche Bank Previews Peabody Energy's Q1 11 (BTU)

Deutsche Bank is out with its report today on Peabody Energy BTU, previewing Q1 11 EPS. In a note to clients, Deutsche Bank writes, "We expect Peabody to report a 1Q EPS of $0.63 compared to consensus of $0.60. Prior comparable results are EPS of $0.85 in 4Q10 and $0.52 in 1Q10. Also, our EBITDA forecast for 1Q is $400m; vs $417m in 4Q10 and $342m in 1Q10." Deutsche Bank maintains Hold and a $70 PT on BTU. At the time of posting, shares of BTU were trading at $65.37, up 1.60% from Tuesday's close.