TSX:TECK.A - Post by User
Post by
slew99on Feb 09, 2010 9:13pm
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Post# 16769299
Teck CIBC Target
Teck CIBC TargetStock Rating:
Sector Outperformer
Sector Weighting:
Market Weight
12-18 mo. Price Target $48.00
TCK.B-TSX (2/8/10) $34.50
Outlook
- While Teck has continued to aggressively deleverage balance sheet and focused on re-establishing investment grade
rating, future asset sales would be strategic in nature and the timing opportunistic.
- Met coal will continue to be the most significant revenue and cash flow cont ributor for Teck which we see growth in
both in production and price.
- We expect Teck to keep a fairly low profile in the near term and remain focused on st rengthening its balance sheet,
streamlining existing operat ions and taking a st rategic view on advancing internal growth initiatives.