Canaccord raised the firm’s price target on Teck Resources (TECK) to C$85.50 from C$78 and keeps a Hold rating on the shares. The firm updated its model following Q1 results which are clearly positive, although neutral to the broader investment thesis, given that the merger with AAL is in its final stages.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TECK:
- Teck Resources Earnings Call Showcases Copper‑Led Surge
- Teck Resources Posts Record Copper Sales and Strong Q1 2026 Results as Anglo American Merger Advances
- Teck Resources Declares $0.125 Per Share Dividend Payable June 30, 2026
- Teck Resources reports Q1 adjusted EPS C$1.75 vs. C$0.60 last year
- Teck Resources price target lowered to C$78 from C$80 at Canaccord