The Globe and Mail reports in its Friday, Dec. 14, edition that RBC Dominion Securities analyst Stephen Walker says Teck Resources' sale of a 30-per-cent interest in its giant QB2 copper mine in Chile represents "another step toward a positive rerating." The Globe's David Leeder writes in the Eye On Equities column that Mr. Walker continues to rate Teck "outperform." Mr. Walker, however, boosted his share target to $52 from $48. Analysts on average target the shares at $42.50. Mr. Walker says in a note: "Sumitomo is an ideal partner given their capital resources, appetite for future concentrate and close relationship with Teck. ... We forecast Teck to generate $1.7-billion in FCF in 2018 and in 2019 we forecast FCF of $2.7-billion at spot prices (16-per-cent yield). At our forecast commodity prices in 2019 we forecast FCF of $2-billion (12-per-cent yield). We expect Teck to return capital to shareholders through additional buy-backs and supplemental dividends as well as continue to advance its other copper projects with feasibility studies expected in 2019 for Zafranal and NuevaUnion and a prefeasibility study for San Nicolas. Teck plans to update the market mid-year on capital allocation plans."