JP Morgan Maintains Overweight on Teck Resources, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains an Overweight rating on Teck Resources (NYSE:TECK) but lowers the price target from $56 to $54.
July 25, 2024 | 3:00 pm
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NEUTRAL IMPACT
JP Morgan analyst Bill Peterson maintains an Overweight rating on Teck Resources but lowers the price target from $56 to $54.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100