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Investment banks are discussing! The initial application for unemployment benefits in the USA reaches a record high, and the FED may become more certain to cut interest rates.
①In the week ending July 13th, the number of initial jobless claims in the USA reached the highest level since August 2023. ②Texas had the largest increase in first-time unemployment claims last week due to the impact of Hurricane "Peridot". ③Analysts believe that the data clearly points to a cooling labor market, providing further reasons for the Federal Reserve to start cutting interest rates soon.
Analysts Offer Insights on Materials Companies: Teck Resources (TECK), Evolution Mining Limited (OtherCAHPF) and Fortescue Metals Group Ltd (OtherFSUMF)
J.P. Morgan Maintains Teck Resources(TECK.US) With Buy Rating, Raises Target Price to $55.44
J.P. Morgan analyst Bill Peterson maintains $Teck Resources(TECK.US)$ with a buy rating, and adjusts the target price from $52.62 to $55.57.According to TipRanks data, the analyst has a success rate
Teck Resources Ltd Price Target Raised to C$76.00/Share From C$72.00 by JP Morgan
Teck Resources Ltd Price Target Raised to C$76.00/Share From C$72.00 by JP
Shares of Copper Companies Are Trading Lower Amid Possible Uncertainty Over China's Supply and Demand and a Drop in the Price of Copper.
Shares of Copper Companies Are Trading Lower Amid Possible Uncertainty Over China's Supply and Demand and a Drop in the Price of Copper.
Express News | Teck Resources Ltd : JP Morgan Raises Target Price to $56 From $53