Friday, KeyBanc Capital initiated coverage of Walter Energy, Inc. (WLT) stock with a Buy rating and a price target of $73.
Analyst Mark Parr noted that WLT has recently transformed into a "pure play" metallurgical coal and energy company with long-term strategic advantages, including a conservative capital structure/excellent free cash flow metrics, 20-year permitted reserves of exceptional quality coal, shipping advantages into Europe and South America and new capacity to access growth opportunities in 2010-2012.
The analyst believes WLT also offers above average potential for multiple expansion over the next several years vs. its historic median level of 8.1x EV/forward EBITDA as investors gain familiarity with the company's pure play status, WLT executes on its marketing and export growth strategy, and high quality met coal becomes increasingly scarce on a global basis.
Currently, WLT is down $0.79 or 1.29% and trading at $60.65.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.