On July 15, 2025, Teck Resources (TECK, Financial) faced changes in its stock evaluation from the financial services firm Morgan Stanley. Despite the downgrade in its analyst rating from "Overweight" to "Equal-Weight" by analyst Carlos De Alba, the company saw a positive adjustment in its price target.
Morgan Stanley increased the price target for Teck Resources (TECK, Financial) from USD 42.00 to USD 44.00. This adjustment represents a 4.76% increase, indicating a more optimistic valuation of the stock's future performance despite the lower rating category.
Market observers may note the mixed signals with the downgrade balanced by the increased price target, highlighting differing aspects of the company's potential and market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Teck Resources Ltd (TECK, Financial) is $51.07 with a high estimate of $63.94 and a low estimate of $40.88. The average target implies an upside of 33.12% from the current price of $38.36. More detailed estimate data can be found on the Teck Resources Ltd (TECK) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Teck Resources Ltd's (TECK, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Teck Resources Ltd (TECK, Financial) in one year is $33.32, suggesting a downside of 13.14% from the current price of $38.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Teck Resources Ltd (TECK) Summary page.
