Alliance Resource Partners price target raised to $27 from $26 at Benchmark

Benchmark analyst Nathan Martin raised the firm’s price target on Alliance Resource Partners (ARLP) to $27 from $26 and keeps a Buy rating on the shares. Alliance is finalizing additional contracts for about 21.7M tons over the 2025-2030 timeframe that will lift its 2025 commitments to historical levels heading into next year and while 2025 pricing will likely decline, the culmination of recent projects should drive costs lower, with management targeting flat year-over-year margins of 30%, the analyst tells investors in a post-earnings note.