Shares of Core Natural Resources, Inc. (CNR) are soaring 5.18% in pre-market trading on Tuesday, despite a slight reduction in its price target by B. Riley. The stock's robust performance comes in the wake of an analyst report that continues to view the company favorably.

B. Riley, a well-known financial services firm, has adjusted its price target on Core Natural Resources to $112 from the previous $119. However, the firm has maintained its Buy rating on the stock, signaling continued confidence in the company's prospects. This maintained positive outlook appears to be outweighing the minor price target reduction in investors' minds.

The market's strong positive reaction, despite the lowered price target, suggests that investors may be focusing on the maintained Buy rating and the possibility that the new target still represents significant upside potential from current levels. It also indicates that market participants might be interpreting B. Riley's sustained bullish stance as a sign of Core Natural Resources' fundamental strength in the face of potential headwinds that led to the slight price target adjustment.