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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HCC:
- Warrior Met Coal initiated with a Buy at Texas Capital
- Warrior Met Coal Amends Credit Agreement for Growth
- Warrior Met Coal price target raised to $60 from $50 at UBS
- Warrior Met Coal’s Mixed Earnings Call: Achievements & Challenges
- Warrior Met Coal price target raised to $55 from $50 at BMO Capital