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

Scotiabank lowered the firm’s price target on Telus International (TIXT) to $3 from $5 and keeps a Sector Perform rating on the shares. Heading into quarterly results, the firm is taking a bearish stance across its coverage universe, the analyst tells investors. With ongoing macro uncertainty, the firm expects to see weak growth/bookings momentum across the Technology Services sector.