B. Riley Securities Maintains Buy Rating for Arch Resources: Here's What You Need To Know

B. Riley Securities has decided to maintain its Buy rating of Arch Resources ARCH and lower its price target from $221.00 to $198.00.

Shares of Arch Resources are trading down 0.78% over the last 24 hours, at $175.02 per share.

A move to $198.00 would account for a 13.13% increase from the current share price.

About Arch Resources

Arch Resources Inc is a producer of metallurgical and coking coal. The company sells its coal to power plants, steel mills, and industrial facilities. Its operating segment includes Metallurgical (MET) and Thermal. It generates maximum revenue from the Metallurgical (MET) segment. Geographically, it derives a majority of its revenue from Asia.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.