Telus International price target lowered to $3 from $5 at Barclays

Barclays lowered the firm’s price target on Telus International (TIXT) to $3 from $5 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the IT services group. Read-throughs point to relatively stable demand trends, leading Barclays to believe Q1 estimates are achievable, the analyst tells investors in a research note. However, the firm says tariff-driven uncertainty “has muddied forward-looking expectations, adding plenty of risk” to a back-half of the year growth acceleration.