Stock Track | Peabody Energy Corp Soars 5.02% as Analyst Maintains Buy Rating

Stock Track02-10

Peabody Energy Corp (BTU) stock surged 5.02% in the pre-market trading session on Monday, following an analyst's reaffirmation of a Buy rating on the company.

B.Riley Financial analyst Nick Giles maintained a Buy rating on Peabody Energy and set a price target of $27.00 for the stock. While the details of the analyst's updated view were not provided, the positive rating appears to have boosted investor sentiment, driving the stock higher.

Peabody Energy is a leading producer of coal for both thermal and metallurgical applications. The company's strong performance and favorable outlook could have contributed to the analyst's bullish stance, as the global demand for coal continues to rise, particularly in emerging markets.

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