TD Cowen Downgrades Alpha Metallurgical to Market Perform, Lowers Price Target to $194
Portfolio Pulse from richadhand@benzinga.com
TD Cowen analyst Lance Vitanza has downgraded Alpha Metallurgical (NYSE:AMR) from Outperform to Market Perform and lowered the price target from $200 to $194.
August 21, 2023 | 10:59 am
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NEGATIVE IMPACT
Alpha Metallurgical has been downgraded by TD Cowen from Outperform to Market Perform, with a reduced price target of $194.
The downgrade from TD Cowen is likely to negatively impact the stock price of Alpha Metallurgical in the short term. The reduced price target also indicates a lower expected future value for the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100