Alpha Metallurgical price target lowered to $734 from $768 at B. Riley

B. Riley lowered the firm’s price target on Alpha Metallurgical to $734 from $768 and keeps a Buy rating on the shares. The firm revised estimates and price targets in the coal group to better reflect the lower current sport pricing environment. It believes increased production cuts are nearing and that the the risk/reward for investors is compelling, “especially as there remains a shortage of high-quality met coal supply projects.”