BMO Capital Downgrades Arch Resources to Market Perform, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Katja Jancic downgraded Arch Resources (NYSE:ARCH) from Outperform to Market Perform and reduced the price target from $180 to $165. This adjustment reflects a more cautious outlook on the company's stock.
April 10, 2024 | 9:38 am
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Arch Resources was downgraded by BMO Capital from Outperform to Market Perform, with a price target reduction from $180 to $165.
The downgrade by a prominent analyst firm like BMO Capital, coupled with a significant reduction in the price target, typically signals a bearish outlook on the stock. This could lead to short-term negative sentiment among investors, potentially causing a decrease in the stock price.
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