RBC Capital analyst Daniel Perlin lowered the firm’s price target on Telus International to $19 from $24 and keeps an Outperform rating on the shares. The company’s Q2 pre-announcement showed a significant drop in revenue, adjusted EBITDA, and adjusted earnings growth due to both material softening in volume from its technology vertical, as well as higher than expected costs and demand imbalances across certain regions, the analyst tells investors in a research note.
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