UBS analyst Myles Allsop lowered the firm’s price target on Teck Resources (TECK) to C$55 from C$67 and keeps a Neutral rating on the shares. The firm cut industrial commodity forecasts in 2025 and 2026 due to the trade war, but adds that it remains constructive on gold and still expects copper and aluminum to recover medium-term.
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Read More on TECK:
- Teck Resources upgraded to Reduce from Sell at Veritas
- Teck Resources price target lowered to $41 from $50 at JPMorgan
- Teck Resources to Announce Q1 2025 Results on April 24
- Teck Resources price target lowered to $42 from $52.50 at Morgan Stanley
- Teck Resources price target lowered to $53 from $64 at BofA
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