B. Riley Securities Maintains Buy on Teck Resources, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Lucas Pipes has maintained a 'Buy' rating on Teck Resources (NYSE:TECK), but lowered the price target from $78 to $63.
October 26, 2023 | 1:39 pm
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NEUTRAL IMPACT
Teck Resources' price target has been lowered from $78 to $63 by B. Riley Securities, though the 'Buy' rating is maintained.
The news directly pertains to Teck Resources as B. Riley Securities has lowered its price target for the company. However, the 'Buy' rating is maintained, indicating that the analyst still sees potential in the stock. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100