BMO Capital Markets Maintains Walter Energy Market Outperform, Lowers PT

BMO Capital Markets maintained its Walter Energy

Market Outperform, and lowered its Walter Energy price target from $150 to $125 in a research report published today. In the report, BMO Capital Markets states, "Barring a severe economic recession, supply of premium metallurgical coal is likely to remain tight for the foreseeable future. Walter remains one of the few large, liquid met-coal equities with substantial growth in production." Shares of Walter Energy were trading at $73.96 at the time of posting, down 5.05% from Thursday's market close.