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Fly News Breaks for April 24, 2019
ARCH
Apr 24, 2019 | 09:05 EDT
BMO Capital analyst David Gagliano raised his price target on Arch Coal to $115 after its "solid" Q1 results and outlook as well as its continued "aggressive" repurchase program. The analyst expects the company to "continue generating high free cash flow" and using it for buybacks but keeps his Market Perform rating given the risk of slowing global steelmaking-related demand.
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ARCH
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