The Globe and Mail reports in its Thursday, April 18, edition that Scotia Capital analyst Maher Yaghi has reaffirmed his "sector perform" recommendation for Telus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi trimmed his share target by $1.75 to $24.50. Analysts on average target the shares at $25.67. Mr. Yaghi says in a note: "Similar to BCE, we expect Telus to start the year behind its projected yearly guidance as topline growth in wireline feels the pressure of increased price competition in the West and negative wireless ARPU growth. Even while taking those dynamics into account, the company continues to generate the highest organic EBITDA growth vs peers. We believe leverage at Telus should begin to trend lower going forward as capex normalizes, which should provide ammunition to continue raising the dividend at circa 7 per cent, but until the company tapers off the DRIP we expect continued share dilution. Overall we believe the company has a very strong asset mix but see the share's premium valuation as a headwind." The Globe reported on Jan. 5 and Feb. 13 that Mr. Yaghi continued to rate Telus "sector outperform." It was then worth $23.87 and $23.71.