B. Riley analyst Lucas Pipes lowered the firm’s price target on Arch Resources to $204 from $207 and keeps a Buy rating on the shares post the Q4 results. The company saw notable operational improvement at Leer and Leer South, which is expected to continue throughout 2023, the analyst tells investors in a research note.
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Published first on TheFly
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Read More on ARCH:
- Arch Resources sees FY23 sales volume 74.9M-$83.7M tons
- Arch Resources reports Q4 EPS $23.18, consensus $12.54
- Arch Resources Reports Fourth Quarter 2022 Results
- Arch Resources price target lowered to $207 from $221 at B. Riley
- B. Riley downgrades trio of coal-linked stocks after updating price deck
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