Coronado Gets New Bull Despite Underwhelming Market in 4Q -- Market Talk
Dow Jones
Jan 29
2223 GMT - While the market was unimpressed by Coronado Global Resources's 4Q result, UBS upgrades the stock to buy from neutral on an improving risk-reward balance. UBS says the company's coal operations are becoming more resilient and predictable. "Following peak capex, and a structural reset of the cost base, Coronado is becoming uniquely positioned to leverage increasingly supportive met coal markets," analyst Lachlan Shaw says. It expects Coronado's balance sheet to strengthen as costs improve. UBS raises its price target by 20% to A$0.53/share. Coronado ended Wednesday at A$0.43. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 28, 2026 17:23 ET (22:23 GMT)
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