Arch Resources price target raised to $175 from $170 at BMO Capital

BMO Capital raised the firm’s price target on Arch Resources to $175 from $170 and keeps an Outperform rating on the shares. The firm’s recent investor meeting with the company CEO focused on the current metallurgical / thermal market conditions, longer-term outlook, and the Leer South/West Elk current performance and future potential, the analyst tells investors in a research note. Arch remains well positioned to continue generating solid free cash flows with the currently strong pricing environment, the firm added.