Telus: Strategic Moves and Financial Outlook Support Buy Rating Amid Stock Sell-Off
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Telus has been upgraded to a Buy rating by Canaccord Genuity's analyst Aravinda Galappatthige, with a C$21.00 price target. The upgrade is based on Telus's strategic decisions, financial outlook, and commitment to maintaining dividends despite a stock sell-off. The company aims to reduce its leverage ratio by 2027 and is exploring asset divestitures, including Telus Health. TD Cowen also maintains a Buy rating with a C$26.00 target. These factors support confidence in Telus's future performance.
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