Arch Resources price target raised to $197 from $195 at B. Riley

B. Riley raised the firm’s price target on Arch Resources to $197 from $195 and keeps a Buy rating on the shares. The analyst believes “stickier costs” will be more than offset by sustained higher prices in the quarters ahead for the met coal names. Volatility in met prices, in particular to the upside, has continued to surprise investors, the analyst tells investors in a research note.