Teck Resources stock price target raised to $72 by StoneX on earnings beat

StoneX reduced its price target for UFP Industries (NASDAQ:UFPI) to $100 from $115, citing margin pressures from higher freight, fuel, and input costs. The company's Q3 2026 revenue beat expectations at $1.73B, but EPS fell short at $1.05. Despite near-term challenges, StoneX maintains a Buy rating, noting strong sales growth and a robust balance sheet.

StoneX cut Roblox's (RBLX) price target to $32 from $33, citing declines in bookings, users, and engagement. Q3 revenue was $1.7B, beating estimates, but Q4 guidance was softer. Analysts have mixed reactions, with some lowering targets and others maintaining Buy ratings.

Teck (TECK) reported strong Q3 2026 earnings, with CAD 11B in liquidity and CAD 6.7B in cash. Despite weather challenges, they increased copper production, lowered unit costs, and maintained guidance. The merger with Anglo American progresses, expecting completion in 12-18 months. Safety and sustainability efforts were highlighted, with a fatality at Antamina noted.

Teck Resources (TECK) lowered its full-year net cash unit-cost guidance for copper and zinc, citing operating discipline and stronger by-product pricing. Q3 copper net cash unit costs fell 15% YoY to $1.77/lb, with a 65% margin. Zinc production at Red Dog declined 13% as planned. The company ended Q3 with C$1.9B in net cash and reiterated its merger plans with Anglo American, expecting closure within 12-18 months.

StoneX kept Amazon.com's rating at Buy but reduced its price target to $380 from $400, citing a 55.9% upside from the last close. Recent analyst targets for Amazon.com range from $275 to $345.

TECK RESOURCES LTD (TECK) furnished an SEC Form 6-K — earnings release. EXHIBIT 99.1 News Release For Immediate Release 26-25-TR Date: October 28, 2026 Teck Reports Unaudited Third Quarter Results for 2026 Sustained operating performance and record copper prices support robust third quarter results Vancouver, B.C. – Teck Resources Limited (TSX: TECK.