Anglo upgraded as Swiss bank eyes 'material opportunity' in Teck merger

UBS has repeated a 'Buy' rating for UK-listed miner Anglo American PLC (LSE:AAL), and raised its price target, ahead of its anticipated merger with Canada's Teck Resources Ltd (TSX:TECK.B), describing the deal as a material opportunity to reposition the group as a copper-focused miner. The Swiss bank moves its target to 4,000p from 3,500p. #SlimScan #GrowthStocks #CANSLIM