Information Provided By:
Fly News Breaks for September 5, 2019
ARCH
Sep 5, 2019 | 16:14 EDT
BMO Capital analyst David Gagliano upgraded Arch Coal to Outperform from Market Perform while lowering his price target for the shares to $100 from $105. With met coal prices down nearly 30% since May, and Arch shares responding accordingly, the stock's forward risk/reward has "improved significantly," Gagliano tells investors in a research note. The analyst sees a number of potential positive company-specific catalysts ahead for Arch, including the continuation of share buybacks and the company's ""underappreciated" Leer Mine productivity gains.
News For ARCH From the Last 2 Days
There are no results for your query ARCH