Warrior Met Coal price target lowered to $86 from $90 at B. Riley

B. Riley lowered the firm’s price target on Warrior Met Coal (HCC) to $86 from $90 and keeps a Buy rating on the shares. Compared to the firm’s estimates, the company underperformed on realizations but beat cost estimates, the analyst tells investors in a research note. While the lower realizations give pause to domestic producers’ competitiveness in the near term, B. Riley does not believe timing and spending at Blue Creek are at risk.