The Globe and Mail reports in its Tuesday, Feb. 25, edition that Citi analyst Alexander Hacking has reaffirmed his "neutral" ranking and $68 share target for Teck Resources. The Globe's David Leeder writes that analysts on average target the shares at $71.72. Mr. Hacking says in a note: "We update our Teck model following Q4 results with minimal changes. Investor focus continues to be on the QB2 ramp-up with the company confident in 2025 targets. Throughput and recoveries were both at design levels by year end. ... Teck is a simpler company today operating only four mines and this should help to tighten up on execution; 12M dividends and buybacks will total 10 per cent of market cap funded by coal proceeds; Zafranal and QB Optimization can deliver 25- to 30-per-cent near-term, low capex-intensity, copper growth. There is an implicit M&A put option, in our view (i.e. miss on execution and potential buyers will be pitching 'we can run it better'). ... Positive factors include exposure to copper, several interesting growth options, and a strong balance sheet. Negative factors include historical challenges on execution and a dual-class share structure. On balance, we see equal upside and downside at current levels."