Here’s Why Goldman Sachs, Rite Aid, Teck Resources, Freeport-McMoRan, and More are in the Spotlight

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Traders are watching Teck Resources Ltd (USA) (NYSE:TECK) after Chris Terry of Deutsche Bank upgraded the stock to ‘Buy’ from ‘Hold’, citing a more supportive commodity picture. If commodity prices continue to trend higher, the analyst believes free cash flow will improve significantly. Shares of the stock have done very well over the last year, and could benefit from Trump’s proposed infrastructure plan. The analyst has a $25 price target, up from the previous $24. According to our data, 41 elite funds were long Teck Resources Ltd (USA) (NYSE:TECK) at the end of December, up 8 funds from the previous quarter.

Freeport-McMoRan Inc (NYSE:FCX) is in the green in the pre-market today after Chris Terry of Deutsche Bank upgraded the stock to ‘Hold’ from ‘Sell’. The analyst also raised his price target to $14 from the previous $12.50. As with Teck Resources, the analyst cited a more supportive commodity picture that could improve free cash flow for miners. 43 top funds owned shares of Freeport-McMoRan Inc (NYSE:FCX) at the end of December, up 7 from the previous quarter.

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