Warrior Met Coal Receives Strong Buy Rating and Higher Price Target from Citigroup

WallStreetZen04-12

Citigroup's Alexander Hacking upgraded their rating on Warrior Met Coal (NYSE: HCC) from Hold to Strong Buy on April 11, 2024. The analyst also raised their price target by 25% from $60 to $75.Hacking...

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{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2426276305?lang=en_US&edition=fundamental","thumbnail":"https://images.unsplash.com/photo-1560713269-4e9527797b8f?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE3MTI5MDE2NDR8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180","is_english":true,"pubTime":"2024-04-12 14:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2426276305","market":"us","top_or_hot":-1,"title":"Warrior Met Coal Receives Strong Buy Rating and Higher Price Target from Citigroup","media":"WallStreetZen","content":"<div>\n<p>Citigroup's Alexander Hacking upgraded their rating on Warrior Met Coal (NYSE: HCC) from Hold to Strong Buy on April 11, 2024. The analyst also raised their price target by 25% from $60 to $75.Hacking...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/warrior-met-coal-receives-strong-buy-rating-and-higher-price-target-from-citigroup\">Source Link</a>\n\n</div>\n","source":"wallstreetzen_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warrior Met Coal Receives Strong Buy Rating and Higher Price Target from Citigroup</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarrior Met Coal Receives Strong Buy Rating and Higher Price Target from Citigroup\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-12 14:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/warrior-met-coal-receives-strong-buy-rating-and-higher-price-target-from-citigroup><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Citigroup's Alexander Hacking upgraded their rating on Warrior Met Coal (NYSE: HCC) from Hold to Strong Buy on April 11, 2024. The analyst also raised their price target by 25% from $60 to $75.Hacking...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/warrior-met-coal-receives-strong-buy-rating-and-higher-price-target-from-citigroup\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"桥水持仓","start_time":0,"source_url":"https://www.wallstreetzen.com/news/warrior-met-coal-receives-strong-buy-rating-and-higher-price-target-from-citigroup","article_id":"2426276305","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1560713269-4e9527797b8f?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE3MTI5MDE2NDR8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426276305","pubTimestamp":1712901660,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"Citigroup's Alexander Hacking upgraded their rating on Warrior Met Coal (NYSE: HCC) from Hold to Strong Buy on April 11, 2024. The analyst also raised their price target by 25% from $60 to $75.Hacking","collect":0,"end_time":0,"defaultTopTitle":"wallstreetzen.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4504":"桥水持仓","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","HCC":"Warrior Met Coal LLC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","TGT":"塔吉特","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4006":"钢铁","BK4532":"文艺复兴科技持仓","BK4585":"ETF&股票定投概念","LU0823411888.USD":"法巴消费创新基金 Cap","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4114":"综合货品商店","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","BK4588":"碎股","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4155":"大卖场与超市"},"translate_title":"花旗集团给予Warrior Met Coal强烈买入评级和更高的目标价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TGT":1,"HCC":1},"content_text":"Citigroup's Alexander Hacking upgraded their rating on Warrior Met Coal (NYSE: HCC) from Hold to Strong Buy on April 11, 2024. The analyst also raised their price target by 25% from $60 to $75.Hacking's positive outlook for the Basic Materials (Coking Coal) sector played a significant role in the upgrade. The analyst remains optimistic about the sector's potential as a play on stronger Indian steel production. In particular, Hacking highlighted the incorporation of Blue Creek volumes into Citigroup's target price as a contributing factor for the upgrade.Warrior Met Coal's Blue Creek project is on track for first production in the second half of 2024, with initial shipments expected in mid-2025. This development aligns with Hacking's positive assessment, further supporting the decision to upgrade the rating.In addition to the upgrade on Warrior Met Coal, Hacking also revised the price target for Arch Resources Inc. The analyst raised the price target by 15.6%, from $160 to $185, while maintaining a Strong Buy rating on the stock. This adjustment reflects Hacking's confidence in Arch Resources Inc.'s performance.According to Hacking, 66.7% of top-rated analysts currently rate Warrior Met Coal as a Strong Buy or Buy, with 33.3% considering it a Hold. Notably, no analysts recommend or strongly recommend selling the stock. This sentiment among analysts adds weight to Hacking's upgrade and suggests a positive consensus on the stock's potential.The consensus forecast among analysts predicts that Warrior Met Coal's upcoming year will deliver earnings per share (EPS) of $8.13. However, this projection indicates an 11.8% decline compared to the previous year. While the forecast may raise some concerns, it is important to consider the broader context of the company's performance.Looking at Warrior Met Coal's stock price performance, it has seen a 1.3% increase since its last quarterly report on December 31, 2023. On a year-over-year basis, the stock has surged by an impressive 74.5%. During this period, Warrior Met Coal has outperformed the S&P 500, which has posted a 26.5% gain. These figures indicate a positive trend for the company.Alexander Hacking, the Citigroup analyst responsible for the rating upgrade, is highly regarded in the industry. WallStreetZen ranks Hacking in the top 14% out of 4,542 Wall Street analysts. With an average return of 12.9% and a win rate of 53.7%, Hacking's expertise lies in the Financial Services, Basic Materials, and Industrials sectors.Warrior Met Coal, Inc., the subject of Hacking's rating upgrade, is a producer of non-thermal metallurgical coal for the steel industry. The company operates two mines in Alabama and exports its metallurgical coal to blast furnace steel producers in Europe, South America, and Asia. Additionally, Warrior Met Coal sells natural gas extracted as a byproduct of coal production. Established in 2015, the company is headquartered in Brookwood, AL.Hacking's upgrade on Warrior Met Coal and the revised price target for Arch Resources Inc. provide valuable insights for investors in the Basic Materials sector. As always, it is important for investors to conduct their own research and seek additional expert opinions before making any investment decisions.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426276305"}