Hallador Energy price target raised to $28 from $24 at Alliance Global

Alliance Global raised the firm’s price target on Hallador Energy (HNRG) to $28 from $24 and keeps a Buy rating on the shares after the company reported “strong” Q3 results that beat both the Street and the firm’s estimates. The firm believes Hallador is positioned for multiple expansion in coming quarters as it sees the company being well positioned to capitalize on continued growth in power demands driven by data center and AI rollouts, the analyst tells investors.