TELUS International shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform and multiple firms lowered their respective price targets on the stock. The company last week reported weak Q2 financial results and soft FY24 guidance.
Portfolio Pulse from Benzinga Newsdesk
TELUS International shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform. Multiple firms also lowered their price targets following weak Q2 financial results and soft FY24 guidance.
August 05, 2024 | 6:05 pm
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TELUS International shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform. Multiple firms also lowered their price targets following weak Q2 financial results and soft FY24 guidance.
The downgrade by RBC Capital and the reduction in price targets by multiple firms are likely to negatively impact investor sentiment. Additionally, the weak Q2 financial results and soft FY24 guidance further contribute to the negative outlook for the stock in the short term.
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