The Globe and Mail reports in its Friday, Dec. 5, edition that with Telus's move to pause its dividend growth, National Bank Financial analyst Adam Shine bumped his target for its shares to $21.50 from $21 with an unchanged "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $21.39. Mr. Shine says in a note: "Telus appropriately announced [Wednesday] that it was pausing its dividend growth 'until share price reflects growth prospects.' We welcome this development. We noted in our upgrade note two weeks ago that the dividend growth model exiting 2025 was more likely to be dealt with before any cut to the dividend. We didn't think the latter needed to be reduced, but we thought it imprudent to continue growing the dividend per a policy objective of 3 to 8 per cent for 2026-2028 which was outlined with 1Q25 reporting this spring." The Globe reported on Nov. 28 that TD Cowen analyst Vince Valentini had reaffirmed his "buy" call for Telus. The shares could then be had for $18.33.