Patriot Coal Corp logoEquities research analysts at Goldman Sachs lowered their price target on shares of Patriot Coal Corp to USD 16.00 in a research issued note to investors on Tuesday.

Separately analysts at Deutsche Bank cut their price target on shares of Patriot Coal Corp to USD 21.00 in a research note to investors on Monday. Analysts at BB&T downgraded shares of Patriot Coal Corp from a buy rating to a hold rating in a research note to investors on Friday. Also, analysts at FBR Capital cut their price target on shares of Patriot Coal Corp from USD 25.00 to USD 23.00 in a research note to investors on Friday, September 9th. They now have an outperform rating on the stock.

Patriot Coal Corporation (Patriot) is a producer of coal in the eastern United States, with operations and coal reserves in Appalachia and the Illinois Basin. It is also a producer of metallurgical coal. The Company’s operations consist of 14 mining complexes which include company operated mines, contractor-operated mines and coal preparation facilities.

One of its mining complexes is located in northern West Virginia, 12 are located in southern West Virginia and three are located in western Kentucky. Patriot ships coal to electric utilities, industrial users and metallurgical coal customers via various company owned and third-party loading facilities and multiple rail and river transportation routes. In January 2009, the Company closed its Jupiter mining complex.