** Shares of coal producer Arch Resources down 3% at $158.18 after the collapse of a bridge and stoppage of ship traffic at the Port of Baltimore
** Jefferies cuts PT to $185 from $190; new PT implies an upside of 13.4% compared to stock's last close
** Jefferies reduces Arch met coal shipment assumption by 100 thousand tons for Q1 and 200 thousand tons for Q2
** "We have also increased our unit cost assumptions as a result of the lower volumes" - brokerage
** "This tragedy is a supply shock to the seaborne met coal market, as it likely removes about 2% of supply from the market for at least the next 3-4 weeks," Jefferies adds
** Including the session's losses, stock is down 3.7% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))
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