Citigroup Downgrades TELUS Intl to Neutral, Lowers Price Target to $15
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Ryan Potter has downgraded TELUS Intl (NYSE:TIXT) from Buy to Neutral and lowered the price target from $24 to $15.
July 14, 2023 | 2:26 pm
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NEGATIVE IMPACT
TELUS Intl has been downgraded from Buy to Neutral by Citigroup, with a lowered price target of $15.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for TELUS Intl. The lowered price target from $24 to $15 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100