UBS Lifts Teck Resources Target to C$90, Citing Copper-Driven Earnings and Production Upside
UBS raised its price target on Teck Resources to C$90 from C$80 and kept a Buy rating, pointing to the company’s copper-heavy earnings mix, expected production increases through 2030 and a solid liquidity position. The firm highlights valuation upside relative to peers even after recent share gains. The proposed merger with Anglo American remains a…