Warrior Met Coal price target raised to $90 from $89 at B. Riley

B. Riley raised the firm’s price target on Warrior Met Coal (HCC) to $90 from $89 and keeps a Buy rating on the shares following the Q3 earnings report. The company outperformed on both realizations and costs compared to the firm’s estimates and reiterated that it has been disciplined on the commercial side, which likely contributed to better price realizations, the analyst tells investors in a research note. The better-than-expected cost performance is especially notable in the context of a lower production quarter, B. Riley says.