Morgan Stanley Reiterates Overweight on Teck Resources, Maintains $53 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has reiterated an Overweight rating on Teck Resources (NYSE:TECK) and maintained a $53 price target.
August 04, 2023 | 9:35 am
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Morgan Stanley has reiterated an Overweight rating on Teck Resources and maintained a $53 price target, indicating a positive outlook for the company.
The reiteration of an Overweight rating by Morgan Stanley indicates their belief in the company's potential for above-average performance. The maintained price target of $53 suggests that they believe the stock is currently undervalued, which could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100