Morgan Stanley analyst Benjamin Swinburne assumed coverage of Telus (TU) with an Equal Weight rating with a price target of C$22, down from C$23. The firm expects lower growth from Canadian telcos than their U.S. peers in 2025, driven by “intense” competition across wireless and broadband and slowing immigration, the analyst tells investors in a year-ahead note for the group.
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Read More on TU:
- Telus downgraded to Sector Perform from Outperform at National Bank
- Telus price target lowered to C$23.25 from C$24 at Scotiabank
- Telus price target raised to C$25.50 from C$25 at Desjardins
- Telus price target raised to C$26 from C$25 at RBC Capital
- TELUS Reports Strong Q3 Growth Amidst Competitive Market