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Ladenburg Thalmann terminates coverage of Rhino

LadenburgThalmann & Co. Inc. on Sept. 27 announced that its analyst Richard Verdi isreallocating his resources, resulting in the termination of 's coverage.

The financialservices firm's last rating and price target for the coal company's shares wereNeutral and NA, respectively.

Inthe research note, Verdi said that a slump in coal prices could "adverselyaffect" Rhino's operations and cash available for distribution to itsunitholders. He further added that coal prices are beyond the company'scontrol, including both supply and demand for domestic and foreign coal,weather conditions, the level of domestic and foreign taxes, and prevailingeconomic conditions.

"Effectiveupon termination of coverage, the last recommendation and estimates issued forRHNO should not be relied upon going forward," the firm noted.