JP Morgan Maintains Overweight on TELUS, Lowers Price Target to C$29
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Sebastiano Petti has maintained an Overweight rating on TELUS (TSX:T) but lowered the price target from C$31 to C$29.
August 07, 2023 | 3:57 pm
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TELUS's price target has been lowered by JP Morgan from C$31 to C$29, though the Overweight rating is maintained.
JP Morgan's lowering of TELUS's price target suggests a potential decrease in the stock's value. However, the maintained Overweight rating indicates that the stock is still expected to outperform its peers in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100