BMO Capital lowered the firm’s price target on Telus to C$24 from C$26 and keeps an Outperform rating on the shares. The firm is lowering target multiples across the sector to reflect a “slower growth outlook.”
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Read More on TU:
- Telus price target lowered to C$26 from C$27 at National Bank
- Telus downgraded at Scotiabank amid increased scrutiny on multiple
- Telus downgraded to Sector Perform from Outperform at Scotiabank
- Allied Properties, partners to reorganize ownership of TELUS Sky
- Telus price target raised to C$27 from C$26 at JPMorgan
