Riley Maintains ‘Buy’ Rating on Peabody Energy Corporation (BTU), Raises PT to $24

Group 1 - Peabody Energy Corporation (NYSE:BTU) has garnered significant interest from hedge funds, securing a position on the list of the 11 Best Coal Stocks to Buy [1] - Riley has maintained a 'Buy' rating on Peabody Energy Corporation (BTU) and raised its price target from $18 to $24, reflecting higher profit potential despite the termination of purchase agreements with Anglo American [2] - The thermal coal sector of Peabody Energy is supported by domestic power demand and a favorable regulatory environment, with analysts seeing upside potential in the stock [3] Group 2 - Peabody Energy Corporation operates in both domestic and foreign markets, mining and selling thermal and metallurgical coal to utilities, steel producers, and industrial clients [4]