Canaccord lowered the firm’s price target on Telus to C$31 from C$32 and keeps a Buy rating on the shares. The firm noted the company lowered their revenue growth expectation from 11-14% to 9.5-11% and its adj EBITDA growth expectation from 9.5-11% to 7-8%. Canaccord noted the changes are all on account of the DLCX segment while the core TTech segment guidance is untouched.
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