TD Securities lowered the firm’s price target on Telus (TU) to C$25 from C$26 and keeps a Buy rating on the shares. The firm cites a more conservative healthcare target multiple for target drop following the company’s hybrid debt security issuance and increased disclosure on its working capital.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TU:
- Telus Hold Rating: Stagnant Revenue Growth and Intensifying Competition in Canadian Telecom Market
- TELUS Upsizes Cash Tender Offers for Debt Securities
- Telus downgraded to Market Perform from Outperform at BMO Capital
- Telus Hold Rating: Slowing Growth, High Leverage, and Valuation Risks
- Telus Corporation Announces New Series of Securities with $800 Million Notes