Alliance Resource Partners price target raised to $29 from $27 at Benchmark

Benchmark analyst Nathan Martin raised the firm’s price target on Alliance Resource Partners (ARLP) to $29 from $27 and keeps a Buy rating on the shares. With an increased focus on grid reliability and the expectation for growth in baseload power demand, the firm notes multiple coal-fired plant retirements have been extended and it believes Alliance will benefit from this theme, as well as its efforts to continue diversifying outside of coal.