Wolfe Research Downgrades Teck Resources to Peer Perform
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Timna Tanners has downgraded Teck Resources (NYSE:TECK) from Outperform to Peer Perform.
July 11, 2023 | 10:32 am
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Teck Resources has been downgraded by Wolfe Research from Outperform to Peer Perform.
Analyst ratings often influence the short-term price of a stock. A downgrade from Outperform to Peer Perform suggests that the analyst believes the stock will perform similarly to other stocks in its sector, rather than outperforming them. This could lead to a decrease in the stock's price as investors adjust their expectations.
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