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TELUS has recently faced downgrades from several analysts, with Bank of America lowering its rating from buy to neutral and setting a price target of C$22.00. The stock currently holds a consensus rating of "Hold" among analysts, with a market capitalization of C$30.10 billion and a PE ratio of 32.43. Despite insider buying activity, the stock has seen a decline, opening at C$19.99, down 4.7%.
FreshBooks has appointed Shaheen Javadizadeh as its new CEO following a $125-million USD debt financing from Morgan Stanley, aimed at refinancing existing debt and supporting growth. Interim CEO Mara Reiff transitions to COO after a period of leadership changes, as the company continues its pursuit of profitability amid financial challenges.
Telus shares fell 4.7% after Bank of America downgraded the stock from buy to neutral, citing concerns over high leverage and dividend payout challenges. Analysts predict the company will struggle to meet its 2027 targets, with a projected payout ratio potentially exceeding 140% in the coming years. Telus aims to reduce its leverage and payout ratio while prioritizing cash payments to investors, but faces significant competitive and economic pressures.
BRP (TSE:DOO) has been downgraded by Citigroup from a "neutral" to a "sell" rating, with a new price target of C$41.00, indicating a potential downside of 22.79%. The stock currently holds a "Hold" rating from analysts, with a consensus target price of C$83.67, while shares traded down 4.3% to C$53.10.
Trump's tariffs, particularly the 25% levies on Mexico and Canada, may inadvertently benefit the cannabis industry by encouraging businesses to seek eco-friendly, domestically sourced solutions. Derek Chase of FLORA+BAST believes this shift could enhance the competitiveness of U.S.-made goods, despite short-term cost pressures. George Sadler of Gelato Canna Co. notes that while all businesses will face challenges, the impact will ultimately be felt by consumers.
JPMorgan Chase & Co. has reduced its target price for Parkland (TSE:PKI) from C$58.00 to C$55.00, maintaining an "overweight" rating, indicating a potential upside of 51.93%. Despite a recent 2.0% decline in stock price to C$36.20, analysts remain optimistic, with an average rating of "Buy" and a target of C$48.08. Insider activity includes recent purchases by directors, with 20.51% of shares owned by insiders.
Alimentation Couche-Tard (TSE:ATD) has received a price target reduction from JPMorgan Chase & Co., now set at C$86.00, indicating a potential upside of 29.13%. Analysts have generally rated the stock as a "Moderate Buy," with a consensus price target of C$87.23, despite recent trading down 2% to C$66.60. The company operates convenience stores across North America, Europe, and Asia, offering a range of products including fuels and food items.
Alimentation Couche-Tard (TSE:ATD) has seen its price target lowered by UBS Group from C$97.00 to C$94.00, indicating a potential upside of 38.54%. Analysts have mixed ratings, with two holding, nine buying, and one strong buy, while the stock currently trades at C$67.85, down from a 12-month high of C$85.53. The company operates convenience stores across North America, Europe, and Asia, offering a range of products including fuels and food items.
Barclays has downgraded PepsiCo, Inc. to Equalweight from Overweight. The company is a global leader in non-alcoholic beverages and snacks, with net sales primarily from North America (60%), followed by Europe (15.1%), Latin America (12.8%), Africa/Middle East/South Asia (6.8%), and Asia/Pacific/Australia/New Zealand (5.3%). Key brands include Aquafina, Gatorade, Lay's, and Doritos, with the U.S. accounting for 56.3% of net sales.
USD/CAD is facing resistance near 1.4800, with a recent lower high at 1.4550 indicating a potential pullback. A break below 1.4240 could lead to further declines towards 1.4150 and 1.4030, while overcoming 1.4550 is necessary to confirm an uptrend.
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telus stock rating downgraded as analysts recommend better investment options
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