Alpha Metallurgical price target lowered to $194 from $207 at B. Riley

B. Riley lowered the firm’s price target on Alpha Metallurgical (AMR) to $194 from $207 and keeps a Neutral rating on the shares. The broader met coal group are seeing model adjustments ahead of Q1 results, with lower PLV assumptions for 2027 and more conservative Atlantic spread expectations reflecting persistently wide differentials, even as the sector has remained resilient with 6% gains since the onset of recent geopolitical disruptions, the analyst tells investors in a research note.