Teck Resources Should See 'Positive Reaction' to Q3, TD Says

MT Newswires Live10-29

TD Securities said Teck Resources (TECK-B.TO, TECK) Q3 results should help move the stock higher.

Analyst Craig Hutchison maintained a hold rating and CA$98 price target on Teck in a note to clients Thursday.

"We expect a positive reaction to the quarter given the solid beat, decreased cost guidance, and continued balance sheet strengthening," Hutchison said in a note to clients. "While Chilean operations were interrupted by weather, strong copper production elsewhere combined with strength in the zinc segment underpinned a solid quarter."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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