B. Riley Securities Maintains Buy on Ramaco Resources, Lowers Price Target to $11
Portfolio Pulse from jenniferd'souza@benzinga.com
B. Riley Securities analyst Lucas Pipes maintains a Buy rating on Ramaco Resources (NASDAQ:METC) but lowers the price target from $12 to $11.
August 10, 2023 | 12:52 pm
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NEUTRAL IMPACT
Despite the lowered price target from $12 to $11, B. Riley Securities maintains a Buy rating on Ramaco Resources, indicating continued confidence in the company's performance.
The lowered price target might initially cause some investor concern, potentially leading to short-term price volatility. However, the maintained Buy rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100