Teck Resources (TECK-B:CA)
Analyst Update
Citigroup sharply increased its 12 month price target for Teck Resources Ltd. to C$104.00 from C$76.00 and upgraded the stock’s rating from Hold to Buy. The change reflects stronger copper market fundamentals and optimism around Teck’s outlook, particularly related to its copper exposure and strategic developments prompting a more positive investment view.
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