Hallador Energy upgraded to Buy from Neutral at B. Riley

B. Riley upgraded Hallador Energy to Buy from Neutral with a price target of $9, up from $8. The firm cites the forecasted strength in domestic power demand over the coming years for the upgrade, the analyst tells investors in a research note. Hallador Energy continues to focus on restructuring its coal business to increase margins and while costs were elevated in Q1, Hallador noted that costs at its Oaktown mine declined in March, B. Riley says.