BMO Capital Maintains Outperform on TELUS, Lowers Price Target to $29
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Tim Casey has maintained an 'Outperform' rating on TELUS (NYSE:TU) but lowered the price target from $33 to $29.

July 17, 2023 | 12:07 pm
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TELUS's price target has been lowered from $33 to $29 by BMO Capital, although the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100