Telus International price target lowered to $19 from $21 at Canaccord

Canaccord analyst Aravinda Galappatthige lowered the firm’s price target on Telus International to $19 from $21 and keeps a Buy rating on the shares. The firm said Q2 was as expected given the company had pre-released the headline figures in mid-July. Canaccord said considering the steepness of the guidance cut last month, and the sustained softness in the stock, we see achieving present expectations as paramount as a further cut could suggest a delayed recovery.