B. Riley Securities Maintains Buy on Arch Resources, Lowers Price Target to $198
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes maintains a Buy rating on Arch Resources (NYSE:ARCH) but lowers the price target from $221 to $198.

March 12, 2024 | 1:40 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Arch Resources but lowers the price target from $221 to $198.
While the reduction in price target from $221 to $198 by B. Riley Securities could be seen as a negative signal, the maintenance of a Buy rating suggests continued confidence in Arch Resources' fundamentals and future prospects. This mixed signal is likely to have a neutral short-term impact on ARCH's stock price, as the positive sentiment from the Buy rating could offset the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100