B. Riley Securities Maintains Buy on Ramaco Resources, Lowers Price Target to $18
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 $19 to $18.
September 17, 2024 | 12:46 pm
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NEUTRAL IMPACT
B. Riley Securities has maintained a Buy rating on Ramaco Resources but lowered the price target from $19 to $18, indicating a slight decrease in expected valuation.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a slight reduction in expected future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100