Why Peabody Energy Stock Jumped 14.5% Today
The stock of Peabody Energy (NYSE: BTU) was on fire today, trading 9% higher as of 1:50 p.m. ET. The coal stock rallied as much as 14.5% within 20 minutes of the market's opening on Tuesday.
With today's move, Peabody stock is now up almost 21% this month as of this writing. I saw this rally coming, although for a different reason.
Peabody Energy stock received a huge analyst upgrade this morning, and I believe it is one of the highest price targets accorded to the coal stock in recent memory.
Source Fool.com
