MKM Partners analyst Daniel Scott raised his price target on Warrior Met Coal to $29, citing the company's Q1 EBITDA beat, FY guidance raise and initiated share repurchase program earlier this month. The analyst notes that the seaborne coking coal market remains strong, with prices bottoming in late February and stabilizing since then. Scott adds that the forward curves implied by Platts pricing do not suggest any weakness. Scott now models unit cost estimate of $90 per ton, down from $95 prior, while raising his expected production for the company to 7.75M tons from 7.25M prior.