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Citigroup Analyst’s Stock Picks 7/3/08

Posted on Thursday, July 3rd, 2008 | In Current Market News, Stocks to Watch
Contributed by: CEO Blogger (http://ceoblogger.wordpress.com) -

Citigroup analyst John Hill says the recent sell-off in coal stocks in response to a downtick in European spot prices is overdone. Hill says the sell-off is profit-taking amid a deteriorating economy, and doesn’t take into account a structural change in the coal market.  He believes the market will be demand-driven, vs. supply-driven, with mine shortfalls, transport constraints, thin stockpiles, and voracious demand from Brazil, Russia, India, and China keeping prices high for some time.

He upgraded Peabody Energy (BTU) and Arch Coal (ACI) to buy from hold;

Track his picks at:

http://www.trackthepros.com/categories.php?category_id=638

Last 5 posts by CEO Blogger
About CEO Blogger (http://ceoblogger.wordpress.com)
CEOBlogger helps investors evaluate companies.

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