Scotiabank raises Teck Resources price target to C$85
Scotiabank analyst Orest Wowkodaw maintained Teck Resources with a Sector Perform rating and raised the price target to C$85 from C$80.
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Scotiabank analyst Orest Wowkodaw maintained Teck Resources with a Sector Perform rating and raised the price target to C$85 from C$80. The adjustment reflects a revised valuation outlook for the company.
Rating and Price Target
The analyst kept the Sector Perform rating while increasing the price objective. The new target of C$85 is up from the previous C$80.
| Metric | Value |
|---|---|
| Rating | Sector Perform |
| Previous Price Target | C$80 |
| New Price Target | C$85 |
What specific factors drove the revised valuation outlook for Teck Resources?
How might Teck Resources' performance be impacted by current commodity price trends?
What are the potential risks that could prevent Teck Resources from reaching the new C$85 price target?
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