Barclays Downgrades TELUS Intl to Equal-Weight, Lowers Price Target to $15
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Ramsey El-Assal has downgraded TELUS Intl (NYSE:TIXT) from Overweight to Equal-Weight and lowered the price target from $23 to $15.
July 17, 2023 | 1:29 pm
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NEGATIVE IMPACT
TELUS Intl has been downgraded by Barclays from Overweight to Equal-Weight, with a reduced price target of $15.
The downgrade from Barclays, a major financial institution, could negatively impact investor sentiment towards TELUS Intl. The lowered price target suggests that Barclays sees less upside potential in the stock, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100