!!!!!!!,,,,,,,,,,CUT from Top RBC LIS.T...........!!!!!!!! Globe says Telus cut from RBC's "Top 30 Global" list
2025-01-07 07:40 ET
The Globe and Mail reports in its Tuesday, Jan. 7, edition that RBC Capital Markets dropped Telus from its "Top 30 Global Ideas for 2025" list on Monday. The Globe's David Leeder writes in the Eye On Equities column that RBC says in a note, "We remove Telus in favour of higher-conviction ideas in other sectors, reflecting our relatively subdued growth outlook for the Canadian telecom sector in 2025." RBC analyst Drew McReynolds has reaffirmed his "outperform" recommendation and $24 share target for Telus. Analysts on average target Telus shares at $23.97. The Globe reported on June 11 and Nov. 12 that Mr. McReynolds continued to rate Telus "outperform." The shares could then be had for $22.13 and $21.88. The Globe reported on Dec. 10 that Desjardins Securities analyst Jerome Dubreuil had reaffirmed his "buy" recommendation and $26.50 share target for Telus. The shares could then be had for $22.33.