Warrior Met Coal price target lowered to $117 from $120 at B. Riley

B. Riley lowered the firm’s price target on Warrior Met Coal (HCC) to $117 from $120 and keeps a Buy rating on the shares. Warrior Met Coal is expected to report Q1 results with likely strong sequential shipment growth driven by the first full-quarter contribution from Blue Creek longwall operations, though estimates for adjusted EBITDA sit below consensus as cost assumptions are already modeled at the low end of guidance, making any upside dependent on broad-based operational outperformance and potential updates on shareholder return cadence, the analyst tells investors in a research note.