Citigroup Maintains Buy on Arch Resources, Raises Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alexander Hacking has maintained a Buy rating on Arch Resources (NYSE:ARCH) and increased the price target from $160 to $185.
April 11, 2024 | 4:23 pm
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Citigroup has reaffirmed its Buy rating on Arch Resources and raised the price target from $160 to $185.
The upgrade in the price target by Citigroup, a major financial institution, reflects a positive outlook on Arch Resources' future performance. This endorsement is likely to instill confidence in investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100