JPMorgan lowered the firm’s price target on Telus to C$24 from C$27 and keeps a Neutral rating on the shares. The analyst updated Telus estimates ahead of the company’s Q1 results following commentary from management at recent conferences. The firm reduced estimates to reflect ongoing macro headwinds and the softer operating environment.
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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
