UPDATE: Goldman Sachs Lowers PT on Peabody Energy to $75

Goldman Sachs is out with its report today on Peabody Energy BTU, lowering its PT from $76 to $75. In a note to clients, Goldman Sachs writes, "Our 2011E/2012E/2013E EPS are now $4.50/$5.76/$5.47 from $4.40/$5.90/ $5.64 on updated production, prices and costs. We lower our six-month, multiples-based target price to $75 (24% upside) from $76 to reflect lower earnings." Goldman Sachs reiterates Buy on BTU. At the time of posting, shares of BTU were trading pre-market at $61.50, up 1.37% from Tuesday's close.