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What: Patriot Coal
So what: Deutsche Bank initiated coverage on Patriot Coal today with a "buy" rating, giving the stock a boost, but there is also positive dynamics for the whole industry. Flooding in Australia has pushed the Coal Stocks Index higher recently and is another catalyst for the coal move today.
Now what: As much as I don't like to agree with analysts, Patriot Coal and Deutsche Bank's other "buy," Walter Energy
Interested in more info on Patriot Coal? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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