Teck Resources Stock Rating Lowered by Bank of America (TCK.B)
Teck Resources (TSE:TCK.B) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued on Friday. They currently have a C$23.00 target price on the stock, down from their previous target price of C$25.00.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James reiterated a “market perform” rating on shares of Teck Resources in a research note on Monday, June 30th. They now have a C$23.00 price target on the stock, down previously from C$24.00. Separately, analysts at CSFB cut their price target on shares of Teck Resources from C$29.00 to C$28.50 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Teck Resources from C$28.00 to C$25.00 in a research note on Friday, June 6th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of C$29.15.
Teck Resources Limited (TSE:TCK) is engaged in exploring for, developing and producing natural resources.
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