B. Riley lowered the firm’s price target on Teck Resources to C$59 from C$72 and keeps a Buy rating on the shares. The firm lowered its 2024 adjusted EBITDA forecast to C$5.7B from C$7.3B, primarily on lower copper volumes, the analyst tells investors.
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Read More on TECK:
- Teck Resources call volume above normal and directionally bullish
- Teck Resources price target lowered to C$65 from C$66 at Raymond James
- Teck Resources price target lowered to C$56 from C$62 at Canaccord
- Teck Resources price target lowered to C$66 from C$68 at National Bank
- Teck Named to 2024 Global 100 Most Sustainable Corporations List
