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Fly News Breaks for January 5, 2017
TU
Jan 5, 2017 | 07:50 EDT
Canaccord analyst Aravinda Galappatthige upgraded TELUS to Buy from Hold and called it a top pick for 2017. The analyst cited its wireless heavy asset mix ensuring it benefits from stronger fundamentals in the space, its Western exposure which could facilitate some year-over-year strength, and the fact that it boasts the strongest dividend growth rate in the sector. Galappatthige raised his price target to C$47 from C$45 on TELUS shares.
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