Morgan Stanley Maintains Overweight on Teck Resources, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Carlos De Alba maintains an Overweight rating on Teck Resources (NYSE:TECK) and raises the price target from $55 to $60.
June 21, 2024 | 9:17 am
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POSITIVE IMPACT
Morgan Stanley analyst Carlos De Alba has maintained an Overweight rating on Teck Resources and increased the price target from $55 to $60.
The increase in the price target from $55 to $60 by a reputable analyst at Morgan Stanley is a positive signal for investors, indicating confidence in Teck Resources' future performance. This is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100