B. Riley lowered the firm’s price target on Arch Resources to $198 from $221 and keeps a Buy rating on the shares. B. Riley believes the investment case for the met coal equities remains compelling due to the likelihood of demand growth to outpace supply, the analyst tells investors in a research note.
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Read More on ARCH:
- Arch Resources Streamlines Shares with Strategic Retirement
- Arch Resources announces retirement of 315,721 shares
- S&P announces changes to S&P 600 index at open on 3/18
- Arch Resources CEO to Speak at BMO Mining Conference
- Arch Resources Announces Leadership Overhaul and Succession Plan
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