Timothy Smith: Cloud Peak Energy (CLD -3.7%) is not immune to challenging market conditions, even if it is in better position than its coal mining peers, Cowen analysts say as they cut CLD's price target in half to $5.
After examining CLD's Q2 loss, the firm says CLD can expect flat 2016 results if market pressure persists (Lucrum), but the company still remains the preferred play for Powder River Basin recovery exposure, given its lower relative risk profile.
Purely My Own Opinion. Do Your Own Due Diligence.
“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty