Peabody Energy price target raised to $32 from $25 at B. Riley

B. Riley raised the firm’s price target on Peabody Energy to $32 from $25 and keeps a Buy rating on the shares. The analyst believes “stickier costs” will be more than offset by sustained higher prices in the quarters ahead for the met coal names. Volatility in met prices, in particular to the upside, has continued to surprise investors, the analyst tells investors in a research note.