Scotiabank Lifts Telus International Price Target to $4.50 Amid TELUS Digital Merger Plans

Scotiabank raised Telus International's (TIXT) price target to $4.50 from $3.50, reiterating a 'Sector Perform' rating. The hike comes after TELUS announced plans to acquire all outstanding shares of TELUS Digital for $4.50, enhancing AI and SaaS transformation across its business. The merger is seen as the best possible outcome for shareholders in the current macroeconomic environment.