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Teck Resources Price Target Raised to C$105 at Raymond James

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Raymond James raised its price target on Teck Resources Ltd. (TECK-B.TO, TECK) to C$105 from C$93.

Analyst Brian MacArthur maintained an outperform rating on shares of the Canadian diversified natural resources company.

"We have updated our forecasts for Teck most notably to reflect higher expected earnings at Trail given our ongoing expectation of significant byproduct sales of commodities like gold silver and germanium," MacArthur said in a note to clients.

(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://finwires.com/en/contact)

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