JP Morgan Initiates Coverage On Teck Resources with Overweight Rating, Announces Price Target of $52
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Gambardella has initiated coverage on Teck Resources (NYSE:TECK) with an Overweight rating and a price target of $52.
October 17, 2023 | 11:39 am
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Teck Resources has been initiated with an Overweight rating by JP Morgan, with a price target of $52.
The Overweight rating from JP Morgan indicates a positive outlook for Teck Resources. The price target of $52 suggests that the analyst believes the stock has significant upside potential. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100