Benchmark analyst Nathan Martin raised the firm’s price target on Teck Resources to $50 from $48 and keeps a Buy rating on the shares. There "has been no shortage of recent Teck Resources headlines around potential M&A and the company’s separation plan," said the firm, which also adjusted its Q1 estimates to reflect the company’s recent steelmaking coal update, average pricing for the quarter, and revised sales and cost assumptions.
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Published first on TheFly
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