BMO Capital lowered the firm’s price target on Telus International to $8 from $11 and keeps a Market Perform rating on the shares. The company delivered a reasonable quarter against low expectations and maintained its FY23 guide after a meaningful cut in the prior quarter, though macro trends of elongated sales cycles and softer discretionary spend continue to impact Telus along with company-specific issues like lower volumes, the analyst tells investors in a research note.
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Read More on TIXT:
- Telus International price target lowered to $7 from $8 at Citi
- Telus International sees FY23 adjusted EPS 90c-97c, consensus $1.27
- Telus International reports Q3 EPS 3c, consensus 29c
- TIXT Earnings this Week: How Will it Perform?
- Telus International price target lowered to $10 from $16 at National Bank
