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Goldman Sachs upgrades Ramaco Resources stock rating on valuation By Investing.com
Goldman Sachs has upgraded Ramaco Resources Inc. (NASDAQ:METC) from Sell to Neutral and increased its price target to $15.00, citing the stock’s more reasonable valuation after a significant decline. The analyst noted that the company’s strategic shift in its rare earths segment and improved coal industry dynamics support the upgrade. Despite the upgrade, InvestingPro analysis suggests the stock might still be overvalued, and profitability is not anticipated this year.