Arch Resources upgraded to Buy from Hold at Jefferies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2025
0mins
Should l Buy ?
Jefferies Upgrade: Jefferies has upgraded Arch Resources from Hold to Buy with a new price target of $150, citing caution regarding the near-term outlook for the metals and mining sector but maintaining a preference for buying "preferred" miners due to recent market weakness.
Future Demand Expectations: The firm anticipates stronger demand for U.S. thermal coal driven by energy shortages, predicting substantial increases in commodity prices and share values for mining companies in 2026 and 2027, along with potential for strong free cash flow generation for Arch Resources.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
