Telus International price target lowered to $10 from $16 at National Bank

National Bank analyst Richard Tse lowered the firm’s price target on Telus International to $10 from $16 and keeps a Sector Perform rating on the shares. The analyst is expecting in-line to soft results for the firm’s technology coverage group. A softening economic backdrop is slowing the cadence of spend, particularly in enterprise going into year-end, the analyst tells investors in a research note.