RBC Capital Maintains Outperform on TELUS, Lowers Price Target to C$31
Portfolio Pulse from richadhand@benzinga.com
RBC Capital analyst Drew McReynolds has maintained an 'Outperform' rating on TELUS (TSX:T), but lowered the price target from C$32 to C$31.
July 17, 2023 | 1:43 pm
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TELUS's price target has been lowered by RBC Capital from C$32 to C$31, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC 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 expects the stock to outperform its peers, which could offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100