Telus International price target lowered to $4.75 from $7.50 at BMO Capital

BMO Capital lowered the firm’s price target on Telus International to $4.75 from $7.50 and keeps a Market Perform rating on the shares. The company’s Q2 results missed the quarter and the management meaningfully lowered the top and bottom line guide, with stock stock set to remain in the penalty box amid business and leadership transitions given the deterioration to both growth and margins, the analyst tells investors in a research note.