CIBC analyst Stephanie Price upgraded Telus (TU) to Outperformer from Neutral with an unchanged price target of C$31. Telus’ Telus International (TIXT) subsidiary has been impacted by slowdown-related concerns in its core tech and games vertical and is now trading at a significant discount to peers despite above average growth and margins, Price tells investors. She expects solid execution in Telus’ core telecom vertical and views Telus International as undervalued post the recent selloff, Price added.
Published first on TheFly
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