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Fly News Breaks for October 23, 2019
Oct 23, 2019 | 09:40 EDT
BMO Capital analyst David Gagliano raised his price target on Arch Coal to $110 and kept his Outperform rating after its "solid" Q3 results. The analyst believes that the company stands to benefit from a "meaningful met coal volume growth" as Leer South site enters production and a significant long-term free cash flow generation after the Leer South ramp up is completed. Though Gagliano sees slower 2020 buybacks from the incremental investment spending, he sees Arch Coal's free cash flows approaching $300M per year in 2021.
News For ARCH From the Last 2 Days
Jan 19, 2022 | 08:40 EST
B. Riley analyst Lucas Pipes raised the firm's price target on Arch Resources to $171 from $142 and keeps a Buy rating on the shares. With met and thermal prices at or near record highs, Arch Resources is set up for a banner year in 2022, Pipes tells investors in a research note.