National Bank adjusted the firm’s rating on Telus Digital (TIXT) to Tender from Sector Perform with a price target of $4.50, up from $4, after Telus (TU) announced that it has entered into a definitive agreement to acquire the remaining shares of Telus Digital for $4.50 per share, a transaction the firm believes will close.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TIXT:
- Telus Digital rating adjusted to Tender at CIBC after Telus buyout offer
- Telus Digital downgraded to Hold from Buy at Stifel
- Kraft Heinz announces separation, Elliott builds $4B PepsiCo stake: Morning Buzz
- Hold Rating on TELUS International Amid Acquisition by TELUS Corp and Limited Upside Potential
- TELUS to Acquire Full Ownership of TELUS Digital for $539 Million