Texas Capital initiated coverage of Warrior Met Coal (HCC) with a Buy rating and $75 price target The company is a major player in the seaborne metallurgical market and produces a highly valued sales mix of Premium Low-Voland High-Vol A metallurgical coal, also offering a strong track record for operating underground longwall mines, which are supported by a highly efficient logistics network that offers strong access to the seaborne met coal market, the analyst tells investors in a research note. Given these advantages, Warrior has proven to be one of the lowest cost producers of seaborne met coal in the United States, the firm added.
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