Arch Resources price target raised to $200 from $185 at BMO Capital

BMO Capital analyst David Gagliano raised the firm’s price target on Arch Resources to $200 from $185 and keeps an Outperform rating on the shares after its better than expected Q4 results. The company remains positioned to continue returning meaningful cash to shareholders in 2023, particularly considering recent gains in met coal prices, the analyst tells investors in a research note.