Jefferies initiated coverage of New Hope Corp. with a Hold rating and A$5.40 price target. New Hope’s key asset is its 80% interest in the low-cost, large-scale, longlife, Bengalla thermal coal mine and the firm likes the thermal coal exposure the stock offers, but it calls the stock’s value “full compared to coal sector peers.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>