B. Riley Securities Maintains Buy on Ramaco Resources, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Ramaco Resources (NASDAQ:METC) but has lowered the price target from $21 to $19.
September 06, 2024 | 3:16 pm
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B. Riley Securities has maintained a Buy rating on Ramaco Resources but lowered the price target from $21 to $19, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a slightly less optimistic view on its short-term potential. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100