# Alpha Metallurgical Shares Drop After Jefferies Target Hike

> Alpha Metallurgical Resources falls 6.6% despite Jefferies raising price target to $165, still below current $168.56 share price.
- Title: Alpha Metallurgical Shares Drop After Jefferies Target Hike
- Summary: Alpha Metallurgical Resources falls 6.6% despite Jefferies raising price target to $165, still below current $168.56 share price. Stock trades above analyst…
- Keywords: alpha metallurgical resources, amr, jefferies, coking coal, price target, stock price, Alpha, Metallurgical, Shares, Drop, Target, Hike
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/alpha-metallurgical-resources-drops-6-6-after-jefferies-maintains-hold
- Author: AlphaStreet Newsdesk
- Published: 2026-09-24T16:34:29+00:00
- Read time: 1 min
- Topics: alpha metallurgical resources, amr, jefferies, coking coal, price target, stock price
## Price Drop Confirmed
Alpha Metallurgical Resources shares fell 6.6% to $168.56 Thursday despite Jefferies upgrading its price target from $150 to $165.
## Target Still Below Current Price
Jefferies raised its price target to $165, but the stock trades at $168.56, creating a gap that suggests investors are taking profits.
## Market Reaction
Volume reached 107,669 shares as the stock shed ground, indicating measured investor retreat after the upgrade.
## Why the Disconnect?
The stock trades above the analyst's new target, suggesting recent gains may not be sustainable in a cyclical industry.
## What to Watch Next
Monitor coking coal spot prices and steel demand forecasts for potential shifts in investor sentiment.
## Key takeaway

Stock trades above analyst price target after upgrade, signaling potential profit-taking.