Scotiabank Maintains Sector Outperform on TECK RESOURCES LIMITED, Lowers Price Target to C$78
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Orest Wowkodaw maintains a Sector Outperform rating on TECK RESOURCES LIMITED but lowers the price target from C$84 to C$78.
August 19, 2024 | 3:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Scotiabank has maintained its Sector Outperform rating for TECK RESOURCES LIMITED but has lowered the price target from C$84 to C$78, indicating a slightly less optimistic outlook.
The maintenance of a Sector Outperform rating suggests continued confidence in TECK's performance relative to its sector. However, the lowered price target indicates a tempered outlook, which could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100