Scotiabank Increases Price Target for Teck Resources to C$80
Scotiabank raised its price target on Teck Resources (TECK) to C$80 from C$75, maintaining a Sector Perform rating. The move follows positive first-quarter results, including a sharp increase in adjusted EPS and revenue, driven by strong copper sales and favorable commodity prices. Multiple analysts have recently raised their price targets on Teck Resources.
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