BMO Capital Maintains Outperform on Arch Resources, Lowers Price Target to $170
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Katja Jancic has maintained an 'Outperform' rating on Arch Resources (NYSE:ARCH), but lowered the price target from $175 to $170.
October 03, 2023 | 4:18 pm
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Arch Resources' price target has been lowered from $175 to $170 by BMO Capital, though the 'Outperform' rating is maintained.
The news is directly about Arch Resources. The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintained 'Outperform' rating suggests that the analyst still expects the stock to do well. This could have a neutral impact on the stock's price in the short term.
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IMPORTANCE 70
RELEVANCE 100