JP Morgan Maintains Overweight on Teck Resources, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Bill Peterson maintains an Overweight rating on Teck Resources but lowers the price target from $57 to $55.
October 25, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan has maintained its Overweight rating on Teck Resources but has lowered the price target from $57 to $55, indicating a slight decrease in expected future performance.
The maintenance of an Overweight rating suggests continued confidence in Teck Resources, but the lowered price target indicates a slight reduction in expected future performance, which could lead to a minor negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100