BMO Capital Downgrades TELUS Intl to Market Perform, Lowers Price Target to $11
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Keith Bachman has downgraded TELUS Intl (NYSE:TIXT) from Outperform to Market Perform and lowered the price target from $21 to $11.
August 07, 2023 | 10:00 am
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NEGATIVE IMPACT
TELUS Intl has been downgraded by BMO Capital and its price target has been lowered. This could potentially impact the stock's performance in the short term.
The downgrade from Outperform to Market Perform by BMO Capital indicates a less optimistic outlook for TELUS Intl. Additionally, the lowering of the price target from $21 to $11 suggests that the analyst believes the stock is overvalued at its current price. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100