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BUZZ-Coal India extends gains; Macquarie upgrades to "outperform"
November 29, 2017 / 7:11 AM / 18 days ago

BUZZ-Coal India extends gains; Macquarie upgrades to "outperform"

** Shares of Coal India Ltd rise as much as 2.8 pct to 282.1 rupees, heads for fourth session of gains

** Macquarie upgrades stock to “outperform” from “neutral”; price target 310 rupees

** Macquarie says tight coal supply will lead to higher prices, boosting Coal India earnings; adds negative factors such as wage hikes already factored in

** Up to Tuesday’s close, stock had fallen about 8.5 pct this year

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