UPDATE: Macquarie Raises PT on Cloud Peak Energy as Reduced Natural Gas Volatility Brings PRB Pricing Power
November 26, 2013 at 11:23 AM EST
In a report published Tuesday, Macquarie Capital analyst Luke McFarlane reiterated an Outperform rating on Cloud Peak Energy (NYSE: CLD ), and raised the price target from $18.00 to $19.00. In the report, Macquarie Capital noted, “We increase CLD's TP to $19, from $18, and it remains our Top Pick.