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Fly News Breaks for November 7, 2019
FCX, TECK
Nov 7, 2019 | 07:25 EDT
Morgan Stanley analyst Carlos De Alba assumed coverage of Teck Resources (TECK) with an Overweight rating and $21.50 price target as part of his assumption of coverage of the NA Metals & Mining industry with an Attractive view. His analysis shows the "unloved" mining sector has outperformed in prior periods of low PMIs and recession risks, the analyst tells investors. He names Teck and Freeport McMoRan (FCX) as his top picks in the space.
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