The Globe and Mail reports in its Friday, April 12, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "buy" recommendation for Telus. The Globe's David Leeder writes that Mr. Dubreuil calls Telus one of his top picks. Mr. Dubreuil cut his share target back by $1.50 to $26.50. Analysts on average target the shares at $25.78. Mr. Dubreuil says in a note: "We believe the future is bright for Telus thanks to the prospect of further capex reductions and an eventual recovery in tech ventures. However, the company's (deserved) higher valuation is a cause for concern ahead of an expected difficult earnings season." On the telecom sector the Desjardins stockpicker says: "We see no obvious place to hide from industry headwinds in the quarter. While we continue to see challenges in Canadian telecoms going forward, we believe the recent pullback in industry valuations makes it less attractive to be underweight Canadian telecoms post 1Q24 results." The Globe reported on May 6 that Mr. Dubreuil was sticking with his "buy" recommendation for Telus, which could then be had for $27.65. The Globe reported on April 4 that CIBC rated Telus "outperformer." It was then worth $21.63.