Arch Resources price target lowered to $223 from $232 at B. Riley

B. Riley analyst Lucas Pipes lowered the firm’s price target on Arch Resources to $223 from $232 and keeps a Buy rating on the shares post the Q4 report. While 2024 met volumes are lower than prior estimates, the company’s strong cost guidance underscores improving operations, the analyst tells investors in a research note. The firm believes investors are focused on operational execution, and says the current met guidance leaves room for outperformance.