B. Riley analyst Lucas Pipes lowered the firm’s price target on Arch Resources to $193 from $198 and keeps a Buy rating on the shares. The firm, which is updating its models for met names under coverage to reflect Q1 actuals, notes that its Q1 adjusted EBITDA estimates declined 9.5%, on average.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARCH:
- Arch Resources price target raised to $185 from $160 at Citi
- Arch Resources downgraded to Market Perform from Outperform at BMO Capital
- Arch Resources price target lowered to $185 at Jefferies after bridge collapse
- Arch Resources price target lowered to $185 at Jefferies after bridge collapes
- Consol Energy sinks following collapse of bridge in Baltimore