Baird lowered the firm’s price target on Telus International to $9 from $12 and keeps a Neutral rating on the shares. The firm updated its model and rolled out 2025 estimates. They view the risk/reward as balanced given slow revenue trends, margin pressure, and 3x TTM leverage as of the end of Q2.
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Read More on TIXT:
- Telus International upgraded to Outperform at Scotiabank on valuation
- Telus International upgraded to Outperform from Sector Perform at Scotiabank
- Telus International price target lowered to $19 from $21 at Canaccord
- Telus International downgraded to Market Perform from Outperform at BMO Capital
- Telus International price target lowered to $11 from $15 at Citi
