TD Securities says several parts of Telus (TU)’ guidance are better than expected. The dividend growth being paused will be well received as it signals discipline from management, the $2.3B spending target for 2026 is lower than expectations, the end of 2026 debt target of 3.3-times is lower than estimates, and the minimum of 10% annual free cash flow through through 2028 “is a welcome surprise,” the analyst tells investors in a research note. TD believes the outlook should restore confidence in the dividend and push the stock up 5% or more today. It has a Buy rating on Telus with a C$26 price target
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