Scotiabank Maintains Sector Outperform on Teck Resources, Lowers Price Target to C$72
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw has maintained a 'Sector Outperform' rating on Teck Resources (NYSE:TECK), but lowered the price target from C$75 to C$72.
June 28, 2023 | 6:29 pm
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Scotiabank has maintained its 'Sector Outperform' rating on Teck Resources but lowered the price target from C$75 to C$72.
The news is directly about Teck Resources. While the 'Sector Outperform' rating is maintained, which is positive, the lowering of the price target might have a neutral to slightly negative impact on the stock in the short term as it indicates a lower future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100