Jefferies Overweight On Consol Energy (CNX)

Jefferies & Co. has an Overweight rating on shares of Consol Energy CNX.

In a note to clients, Jefferies writes, "Recent events should lead to increased demand for thermal and metallurgical coals. We believe global coal producers appear to have an ability to benefit from expected shifts in primary energy generation in Japan, increased infrastructure rebuild, and potentially higher delivered btu pricing. We continue to suggest investors overweight coal equities- ANR, BTU, CNX among large caps, JRCC, ICO among small caps."

Shares of CNX gained $2.95 yesterday to close at $55.33, a gain of 5.6%.