Deutsche Bank Downgrades Teck Resources to Hold, Maintains Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has downgraded Teck Resources from Buy to Hold, while maintaining the price target at $50.
October 25, 2024 | 11:04 am
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NEUTRAL IMPACT
Deutsche Bank downgraded Teck Resources from Buy to Hold, maintaining the price target at $50. This suggests a neutral outlook on the stock.
The downgrade from Buy to Hold indicates a shift from a positive to a neutral stance by Deutsche Bank, suggesting that the stock may not outperform in the short term. However, the maintained price target of $50 implies that the bank still sees value at the current price level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100