(Updated Price Target): Deutsche Bank Downgrades Teck Resources to Hold, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank has downgraded Teck Resources from Buy to Hold and reduced its price target from $54 to $50.
October 25, 2024 | 1:36 pm
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Deutsche Bank has downgraded Teck Resources from Buy to Hold and reduced its price target from $54 to $50.
The downgrade from Buy to Hold by Deutsche Bank suggests a less optimistic outlook for Teck Resources, which could lead to a negative short-term impact on its stock price. The lowered price target from $54 to $50 further supports this sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100