The Globe and Mail reports in its Tuesday, Oct. 17, edition that Stifel analyst Alex Terentiew is sticking with his "buy" recommendation for Teck Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Terentiew boosted his share target ahead by $3 to $71. Analysts on average target the shares at $68.14. The Globe's says Mr. Terentiew expects Teck Resources to continue to see a significant near-term boost for soaring coal prices. Mr. Terentiew says in a note: "Since the end of Q2, Australian premium hard coking coal (HCC) prices have risen sharply, up a whopping 57 per cent, solidly outperforming most other commodities and equities. While U.S.-listed coal miners with varying amount of coking coal exposure are up an average of 38 per cent over the period, Teck's share price is down 8 per cent, underperforming even the price of copper (down 3 per cent), and more in-line with the weak performance of its copper-focused peers like Freeport and Lundin. With a sale of Teck's met coal division pending, we expect the stock to eventually disconnect from met coal price moves, but the magnitude of this disconnect we think is too large and represents a buying opportunity for investors."