Morgan Stanley Maintains Overweight on Teck Resources, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Overweight rating on Teck Resources (NYSE:TECK) and raised the price target from $53 to $55.
September 21, 2023 | 1:16 pm
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POSITIVE IMPACT
Teck Resources' price target has been raised from $53 to $55 by Morgan Stanley, which maintains an Overweight rating on the stock.
The raised price target and maintained Overweight rating by Morgan Stanley indicates a positive outlook for Teck Resources. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100