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The Goldman Sachs Group Cuts Ramaco Resources (NASDAQ:METC) Price Target to $14.00
The Goldman Sachs Group has reduced its price target for Ramaco Resources (NASDAQ:METC) to $14.00 from $16.00, maintaining a “sell” rating due to factors like a revenue miss, negative margins, and heightened legal risks. Despite the lowered target and operational pressures, Ramaco’s board authorized a $100 million share buyback. Institutional investors have recently adjusted their positions in the company, amidst mixed analyst ratings and ongoing legal challenges.