Morning News: Walter Energy, Inc. (NYSE:WLT); Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) And Target Corporation (NYSE:TGT)

Boston, MA, 02/21/2014 – Walter Energy, Inc. (NYSE:WLT) shares dipped after an early surge following its fourth quarter earnings call. The producer of the metallurgical coal reported an upbeat EPS at $0.55 v/s the market expectation of $0.26 per share, but missed on the revenue by $5.44 million, which came at $472 million. During the call, Walter agreed to the fact that the weak metallurgical markets have delayed its restructuring plans, which were expected to fetch $250 million to it through asset sales. Therefore, Walter Energy, Inc. (NYSE:WLT) has extended the target date to second half of the year from its previous April finish. The company anticipates that Q1 metallurgical coal sales to surpass its fourth quarter sales.But, Brean Capital showed concern over the company’s exposure to the met coal market.

Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) lost as much as 28% during the day after recording hefty gains a day earlier. The pharma company skyrocketed post FDA’s approval on an accelerated basis to Northera, which allows it to be made available to patients even when the company conducts its post-market study. The drug is developed to prevent sudden drops in blood pressure, which result in dizziness and fainting in patients with medical conditions of neurogenic orthostatic hypotension. Following the FDA’s approval, Deutsche Bank upgraded its price target to $8 for the company. The Wedbush analyst Liana Moussatos foresees a possibility of take-over or partnership for the company, even if it is quite capable of launching Northera on its own. She estimates that the drug could garner $430 million in global peak sales.

As per some early estimates, Target Corporation (NYSE:TGT) might have to cough out a few billion dollars to make good  the losses that occurred due to breach of customers’ data in 2013. Analysts make a point that Target Corporation (NYSE:TGT)’s wide discount offers and free credit monitoring services payment is just a start as it might have to pay higher in marketing costs to improve its brand image. And, even then it runs a risk of banks approaching its to pay for fraudulent transaction on stolen cards.

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