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Fly News Breaks for February 26, 2018
HCC
Feb 26, 2018 | 09:14 EDT
RBC Capital analyst Sam Crittenden raised his price target on Warrior Met Coal to $33 after his site tour, stating that the company is well positioned to profit from higher metallurgical coal prices as operations have room to grow over the next few years. Crittenden adds that the company is well positioned to generate "strong" free cash flows and is positive on its plans to return excess cash to shareholders. The analyst keeps his Sector Perform rating on Warrior Met Coal based on its expected EBITDA multiple trading in line with peers.
News For HCC From the Last 2 Days
HCC
Apr 17, 2024 | 16:41 EDT
Citi downgraded Arch Resources (ARCH) to Neutral from Buy with a price target of $170, down from $185. The stock is currently trading at an 11% free cash flow yield on $250 per ton hard coking coal, which represents fair value. The firm now sees equal upside and downside risks. Its preference for met coal exposure is Warrior Met Coal (HCC), which it notes is trading at a 17% yield post Blue Creek, which will start to be delivered in 2024.
