UPDATE: B.Riley Upgrades Warrior Met Coal (HCC) to Buy

September 23, 2022 7:23 AM EDT
Get Alerts HCC Hot Sheet
Price: $39.08 +6.31%

Rating Summary:
    6 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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(Updated - September 23, 2022 7:54 AM EDT)

B.Riley analyst Lucas Pipes upgraded Warrior Met Coal (NYSE: HCC) from Neutral to Buy with a price target of $50.00 (from $48.00).

The analyst comments "We are upgrading Warrior Met Coal (HCC) from Neutral to Buy with our PT from $48 to $50 on attractive valuation. YTD, Warrior Met Coal has underperformed its peer group by a whopping 71% (HCC up 8% YTD versus U.S. coal producers up 79% on average). We believe the underperformance stems primarily from four factors. We do not anticipate a near-term resolution to all four, but there is a pathway for increased capital returns while the build-out of the company’s flagship growth project continues. In our opinion, increased capital returns would be the most impactful near-term catalyst for the stock."

For an analyst ratings summary and ratings history on Warrior Met Coal click here. For more ratings news on Warrior Met Coal click here.

Shares of Warrior Met Coal closed at $27.70 yesterday.

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Analyst Comments, Analyst PT Change, Hot Comments, Hot Upgrades, Upgrades