UBS Upgrades Teck Resources to Buy, Raises Price Target to C$78
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Myles Allsop has upgraded Teck Resources from Neutral to Buy and increased the price target from C$76 to C$78.
September 04, 2024 | 2:53 pm
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POSITIVE IMPACT
UBS has upgraded Teck Resources to Buy and increased the price target to C$78, indicating a positive outlook.
The upgrade from Neutral to Buy by UBS suggests increased confidence in Teck Resources' future performance. The raised price target to C$78 indicates expectations of stock price appreciation, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100