Ramaco Resources price target lowered to $18 from $19 at B. Riley

B. Riley lowered the firm’s price target on Ramaco Resources to $18 from $19 and keeps a Buy rating on the shares. Benchmark Premium Low Volume coal pricing declined 1.4% week over week, closing Friday at $181/Mt as weak buying sentiment persisted in coal markets, the analyst tells investors in a research note. The firm’s model now better captures the sensitivity to weak spot coal prices.