Core Natural Resources price target lowered to $136 from $140 at B. Riley

B. Riley lowered the firm’s price target on Core Natural Resources (CNR) to $136 from $140 and keeps a Buy rating on the shares. Core Natural Resources intends to take advantage of the recent weakness in the equity through share buybacks following the recent $1B authorization, the analyst tells investors in a research note. The firm notes that Core has meaningfully expanded the reach of its high CV thermal product globally in recent years, and these efforts have translated to commercial flexibility in periods like this.