Shares of Core Natural Resources, Inc. (CNR) are soaring 5.01% in pre-market trading on Friday, following a significant price target upgrade from UBS. The stock's surge comes as investors react positively to the increased confidence in the company's potential.

UBS has raised its price target on Core Natural Resources to $86 from the previous $78, while maintaining a Buy rating on the stock. This adjustment represents a substantial increase in the expected value of the company's shares, potentially driving the current uptick in investor interest.

The price target upgrade suggests that UBS analysts see improved prospects for Core Natural Resources, which could be based on factors such as strong financial performance, positive industry trends, or strategic initiatives undertaken by the company. As the market digests this new information, it will be interesting to see if the stock can maintain its momentum throughout the trading day.