Peabody price target lowered to $43 from $44 at Jefferies

Jefferies lowered the firm’s price target on Peabody (BTU) to $43 from $44 and keeps a Buy rating on the shares after the company disclosed that Q1 met coal shipments from the Centurion mine will be below prior guidance as a result of equipment-related mine commissioning challenges. The firm lowered its earnings estimates and target price for Peabody based on a slower ramp for Centurion than previously assumed, the analyst tells investors.