Peabody maintained high-risk Buy at Jefferies with Anglo deal pending

3 hours ago 1
Coal falling from the moving belt conveyor into the big pile

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Peabody Energy (NYSE:BTU) +3.9% in Monday's trading as Jefferies maintained its "high risk/hgih reward" Buy rating, reiterating its view that the stock's investment case depends on how the Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY) deal progresses.

The risk that Peabody's (NYSE:

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