logo munafa.top

NEWS Gainers Losers
 Learn then Earn

 story : Warrior Met Coal's stock extends selloff, after Raymond James' downbeat call on coal producers #FinanceUSA #StockMarketNEWS Shares of coal producers took a hit Friday, after Raymond James analyst

@stockMarketNEWS 5 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Warrior Met Coal's stock extends selloff, after Raymond James' downbeat call on coal producers #FinanceUSA #StockMarketNEWS
Shares of coal producers took a hit Friday, after Raymond James analyst Lucas Pipes said the companies are likely to be hurt by the carbon reduction initiatives that China has recently announced. Warrior Met Coal Inc.'s stock dropped 1.7% in midday trading, adding to Thursday's 6.5% tumble, as Piper downgraded metallurgical coal producer to neutral from buy, and cut his price target to from , as "Chinese Carbonomics" could serve has a "modest headwind" to coal pricing, as he expects Chinese met coal consumption to decline. Among other coal companies Piper covers, shares of Arch Resources Inc. slipped 0.9%, Alliance Resource Partners L.P. dropped 1.8%, Alpha Metallurgical Resources Inc. slid 7.2% and Consol Energy Inc. shed 3.3%. The selloff comes as the S&P 500 slipped 0.6%.


Munafa USA Munafa India Munafa NSE


Report

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

 Learn then Earn
Back to top | Use Dark Theme