Teck Resources Ltd. (TECK-B.TO, TECK) was downgraded to Neutral from Outperformer at CIBC Capital Markets.
Analyst Antia Soni lowered her price target on shares of the Canadian diversified natural resources company to $57 from $68.
"We have incorporated Teck's Q2/25 financial and operating results, which included a reduction in consolidated guidance driven by a reduction at Quebrada Blanca (QB)," Soni said in a note to clients.
"The company is hosting a tour to QB in November, which may provide some added comfort to investors on the medium-term outlook," the analyst said. "We believe that with a return to operational execution, TECK shares could re-rate."
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