Arch Resources Reaches Analyst Target Price
June 04, 2024 at 06:52 AM EDT
In recent trading, shares of Arch Resources Inc (ARCH) have crossed above the average analyst 12-month target price of $178.60, changing hands for $179.90/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..