The Globe and Mail reports in its Friday edition that National Bank Financial analyst Shane Nagle continues to rate Teck Resources "outperform." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Nagle lowered his share target to $62.50 from $66. Mr. Nagle says in a note: "Teck is advancing development initiatives [at its giant QB2 project in Chile] and implementing a range of measures to bring the operation up to design rates by year-end. However, given the slow progress to date and revised guidance, the market is discounting the production outlook for 2026. With the front end of the plant now better positioned to deliver steady throughput, we see fewer headwinds to finally achieving design production rates in H2. ... We are maintaining our outperform rating based on Teck's compelling valuation. ... Our target has been primarily impacted by lower production and higher cost assumptions through to end of 2026 at QB2. The market is discounting Teck's copper growth portfolio given the company's recent track record at QB2 but with the front end of the plant operating well, we believe Teck is poised to achieve design production rates by year-end which is differentiated from the current market view."