BMO Capital lowered the firm’s price target on Telus International (TIXT) to $3 from $4.50 and keeps a Market Perform rating on the shares after its Q1 results. Despite the upside to Q1 revenues, the management took a prudent approach to maintain the full-year guide, the analyst tells investors in a research note. FY25 is a transition and investment year for Telus in our belief, but while margins are down y/y, they can exit the year higher than Q1, the firm adds.
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