Teck Resources weakness overdone, says RBC Capital After Teck reported higher than expected Q4 EPS but said its 2013 production would be below its year-end capacity, RBC Capital thinks the company is well-positioned to exploit any rebound in coal demand. The firm maintains a $40 price target and Outperform rating.
News For TCK From The Last 14 Days
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On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Applied Micro Circuits (AMCC) downgraded to Market Perform at FBR Capital... CSX (CSX) downgraded to Neutral from Outperform at Macquarie... Southwestern Energy (SWN) downgraded to Market Perform from Outperform at BMO Capital... Steven Madden (SHOO) downgraded to Neutral from Buy at Citigroup... Teck Resources (TCK) downgraded to Sell from Neutral at Goldman... United Technologies (UTX) downgraded at Cowen... Walter Investment (WAC) downgraded to Market Perform from Outperform at FBR Capital... Whiting USA Trust (WHX) downgraded to Underperform at Raymond James... magicJack (CALL) downgraded to Hold from Buy at Canaccord.