Core Natural Resources price target lowered to $112 from $119 at B. Riley

B. Riley lowered the firm’s price target on Core Natural Resources (CNR) to $112 from $119 and keeps a Buy rating on the shares following the Q1 earnings report. The equity is now 9.1% below pre-results levels, and while idling costs and three longwall moves were disruptive to Q1 results, the company remains well-positioned to generate strong free cash flow and execute on its shareholder return program over the balance of the year, the analyst tells investors in a research note.