B. Riley Securities Maintains Buy on Alpha Metallurgical, Lowers Price Target to $381
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes maintains a Buy rating on Alpha Metallurgical (NYSE:AMR) but lowers the price target from $406 to $381.

March 12, 2024 | 1:38 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Alpha Metallurgical but lowers the price target from $406 to $381.
The maintenance of a Buy rating by B. Riley Securities indicates continued confidence in Alpha Metallurgical's fundamentals and growth prospects. However, the reduction in the price target could reflect adjustments in valuation metrics or market conditions, potentially leading to short-term price volatility. The overall impact is neutral as the positive sentiment of the Buy rating may balance out the negative sentiment from the lowered price target.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90