2222 GMT - Coronado Global Resources disappears from UBS's sell list after metallurgical coal prices moved higher on supply disruptions in Australia's Queensland state and stabilizing demand. UBS upgrades Coronado to neutral and raises its price target by 76% to A$0.44/share. "Previously, we maintained a cautious stance due to the balance of market conditions and cost reduction risks during a period of peak financial leverage," says analyst Lachlan Shaw. "However, with the notable improvement in the outlook for the met coal market, we now identify significant value in Coronado." A step change in operating cash flow suggests Coronado can materially bring its debt down over the next 12 months. UBS now expects Coronado will be profitable from FY 2026, a year earlier than it previously thought. Coronado ended Monday at A$0.42. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 19, 2026 17:22 ET (22:22 GMT)
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