TECK/B: JP Morgan Raises Price Target for Teck Resources | TECK/B Stock News

Jul 09, 2025

On July 9, 2025, Teck Resources (TECK/B, Financial) received a revised price target from JP Morgan. The investment bank, represented by analyst Bill Peterson, raised the price target from CAD 57.00 to CAD 63.00. This adjustment reflects a 10.53% increase. Despite this change, JP Morgan maintains its "Overweight" rating for Teck Resources (TECK/B).

The decision to adjust the price target indicates a positive outlook for Teck Resources (TECK/B, Financial) from the analyst's perspective. By maintaining the "Overweight" rating, JP Morgan suggests that the stock is expected to outperform relative to the average total return of stocks in the analyst's coverage universe over a 6 to 12 month time frame.

Investors and market watchers may interpret this development as a signal to reassess their positions or consider the potential opportunities in Teck Resources (TECK/B, Financial) given the updated financial outlook provided by JP Morgan.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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