Morgan Stanley Maintains Overweight on Teck Resources, Maintains $55 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Teck Resources (NYSE:TECK) with a $55 price target.
April 11, 2024 | 5:34 pm
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Morgan Stanley maintains an Overweight rating on Teck Resources with a $55 price target.
The reaffirmation of an Overweight rating and a $55 price target by Morgan Stanley, a major financial institution, is likely to instill confidence among investors about Teck Resources' future prospects. This endorsement from a reputable analyst could lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100