Source: Financial News Network - on September 21, 2012
Peabody Energy (NYSE:BTU) was downgraded from Buy to Hold at Brean Murray today. The stock closed yesterday at $24.42 on volume of 6.7 million shares, below average daily volume of 7.9 million. Peabody Energy has overhead space with shares priced $24.42, or 24.5% below the average consensus analyst price target of $32.33. The stock should hit resistance at its 200-day moving average (MA) of $28.54, as well as support at its 50-day MA of $22.52.