Telus International upgraded to Buy from Neutral at BofA

BofA analyst Cassie Chan upgraded Telus International to Buy from Neutral with a $26 price target. Shares have tumbled 10% since the digital customer experience and IT services provider reported earnings on November 4, noted Chan, who thinks the magnitude of the selloff is "unjustified." Chan thinks that the Telus International has demonstrated that it will adjust spending plans to protect the bottom-line in the event of weaker top-line results, the analyst added.