The Globe and Mail reports in its Wednesday edition that RBC Dominion Securities analyst Drew McReynolds continues to rate Telus "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. McReynolds boosted his share target by a loonie to $30. Analysts on average target the shares at $26.93. Mr. McReynolds says in a note: "Telus has not been immune to sector headwinds that have included cyclical impacts on Telus International and Telus Agriculture & Consumer Goods, inflation impacts on TTech and incremental competitive impacts in the wake of the Rogers-Shaw and Quebecor-Freedom Mobile transactions. While we fully expect these headwinds to persist in 2024, we believe the stock at 8.5 times FTM EV/EBITDA more than adequately reflects the expected impacts given: (I) the reiteration of growth guidance for TTech through 2023 despite having to navigate a more competitive environment; (ii) underlying EBITDA growth in 2024 that should remain at the high end of that for the industry bolstered by additional cost efficiencies; and (iii) the sustained stepdown to industry-leading low double-digit capex intensity post-FTTH build that should underpin continued FCF growth and dividend increases."