B. Riley Securities Maintains Buy on Arch Resources, Lowers Price Target to $188
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes maintains a Buy rating on Arch Resources (NYSE:ARCH) but has lowered the price target from $197 to $188.
October 03, 2023 | 1:15 pm
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NEUTRAL IMPACT
Arch Resources' price target has been lowered from $197 to $188 by B. Riley Securities, though the Buy rating is maintained.
The news of a lowered price target could potentially have a negative impact on the stock's price in the short term as it may signal a reduced growth potential. However, the maintained Buy rating indicates that the analyst still sees value in the stock, which could offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100