Stifel downgraded Telus Digital (TIXT) to Hold from Buy with a price target of $4.50, up from $4, after the company announced a definitive arrangement agreement with parentco Telus (TU) for the full acquisition of the company at $4.50 per share. The transaction has the unanimous recommendation of Telus Digital’s special committee, with the second largest shareholder EQT and Telus Digital directors in favor, notes the analyst, who believes “this is a done deal.”
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