Citi downgraded New Hope Corp. to Sell from Neutral with a A$5.50 price target. The analyst believes the recent thermal coal price rally on liquefied natural gas strikes is overdone and thermal demand should weaken into shoulder season.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on NHPEF: