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Analysts Offer Insights on Materials Companies: Teck Resources (TECK) and Aurora Cannabis (ACB)

Analysts have been eager to weigh in on the Materials sector with new ratings on Teck Resources (TECKResearch Report) and Aurora Cannabis (ACBResearch Report).

Teck Resources (TECK)

In a report released today, Bryce Adams from CIBC maintained a Buy rating on Teck Resources, with a price target of C$56.50. The company’s shares closed last Thursday at $31.41.

According to TipRanks.com, Adams is ranked #2161 out of 7977 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Teck Resources with a $38.46 average price target, which is a 22.6% upside from current levels. In a report issued on September 16, Morgan Stanley also upgraded the stock to Buy with a C$51.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Aurora Cannabis (ACB)

Stifel Nicolaus analyst W. Andrew Carter maintained a Hold rating on Aurora Cannabis today and set a price target of C$1.75. The company’s shares closed last Thursday at $1.22, close to its 52-week low of $1.21.

According to TipRanks.com, Carter is a 1-star analyst with an average return of -6.0% and a 33.3% success rate. Carter covers the Basic Materials sector, focusing on stocks such as Scotts Miracle-Gro Company, Canopy Growth, and Cronos Group.

Currently, the analyst consensus on Aurora Cannabis is a Hold with an average price target of $1.42, representing a 10.1% upside. In a report released yesterday, Canaccord Genuity also upgraded the stock to Hold with a C$2.00 price target.

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