The Globe and Mail reports in its Tuesday edition that Scotia Capital analyst Orest Wowkodaw says the outlook for commodities has "significantly improved" in recent months. The Globe's David Leeder writes that Mr. Wowkodaw says the "risk-reward proposition for the equities remains attractive despite the impressive performance post the COVID-19 pandemic collapse in early 2020." Accordingly, Mr. Wowkodaw upgraded Taseko Mines to "sector perform" from "sector underperform," pointing to "easing balance sheet risks, high leverage to copper, and a more reasonable valuation." Mr. Wowkodaw raised his share target to $2 from $1.20. Analysts on average target the shares at $1.66. He says in a note: "The recent development of several vaccines and clarity on the governing U.S. administration has significantly improved the outlook (and sentiment) for commodities. ... Massive coordinated global stimulus will be required for most nations to successfully navigate through and eventually recover from the current pandemic. In our view, this stimulus should serve as a very positive tailwind for commodities particularly given the heightened focus on a 'green recovery.'"