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Fly News Breaks for April 13, 2018
HCC
Apr 13, 2018 | 07:25 EDT
BMO Capital analyst David Gagliano lowered his price target on Warrior Met Coal to $32, citing his adjustment post payment of the company's special dividend as the stock began trading ex-dividend today. The analyst notes that this payout brings the total special dividend payment to a 60% yield in the past 5 months, adding that it is a "a prudent" approach to returning capital to shareholders that do not overextend the balance sheet or expose the company during periods of high prices. Gagliano keeps his Outperform rating on Warrior Met Coal.
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