RBC Capital analyst Sam Crittenden raised the firm’s price target on Teck Resources to C$72 from C$64 and keeps an Outperform rating on the shares. The stock offers "inherent value" as a successful ramp up of QB2 remains a key potential catalyst this year, with the company also still set to benefit from high met coal prices for the foreseeable future, the analyst tells investors in a research note.
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