Morgan Stanley Maintains Overweight on Teck Resources, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba has maintained an Overweight rating on Teck Resources (NYSE:TECK) but lowered the price target from $55 to $47.
October 25, 2023 | 1:00 pm
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Teck Resources' price target has been lowered from $55 to $47 by Morgan Stanley, though the Overweight rating is maintained.
The lowering of the price target by Morgan Stanley indicates a potential decrease in the stock's value in the short term. However, the maintained Overweight rating suggests that the stock is still expected to outperform its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100