Deutsche Bank Raises its Price Target on Teck Resources (TECK) Deutsche Bank has increased its price target for Teck Resources to $62, a move that has sparked renewed interest in the company among investors.
However, it's essential to examine the underlying factors driving this decision and what it means for the company's future prospects.
Teck Resources' recent Q1 earnings report was impressive, with adjusted EPS soaring to C$1. 75 – more than three times the previous year's figure. Revenue also saw a significant boost, jumping to C$3. 94B from C$2.