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Teck Resources Coal Mountain operation near Sparwood, B.C. Low commodities prices are pulling down resource-heavy Canadian stock markets.
Teck Resources Coal Mountain operation near Sparwood, B.C. Low commodities prices are pulling down resource-heavy Canadian stock markets.
(Teck Resources/The Canadian Press)

Tuesday's analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day. For breaking analyst actions prior to market open every day, read our Before the Bell morning report.

Raymond James analyst Alex Terentiew cut his price target on Teck Resources Ltd. as he scaled back his near- and long-term projections for metallurgical coal prices. He also warns that Teck, in the face of a weakening coal market, may find it difficult to sustain its dividend without drawing on its $2-billion in credit facilities by the end of next year.