Scotiabank Raises its Price Target on TELUS International (Cda) Inc. (TIXT) to $4.50

Core Insights - TELUS International (Cda) Inc. has garnered significant hedge fund interest and is listed among the 10 Cheapest Penny Stocks to Buy Now [1] - Scotiabank has raised its price target for TELUS International from $3.40 to $4.50, reflecting a proposed acquisition price that is approximately 32% higher than the initial offer [2][3] - The acquisition agreement between TELUS Corporation and TELUS International is viewed as a favorable outcome for shareholders, particularly in the current macroeconomic environment [4] Price Target Revision - Scotiabank's price target revision follows TELUS Corporation's agreement to fully acquire TELUS International, indicating optimism about the deal [2][3] - The revised target price of $4.50 aligns with the acquisition price, which is significantly higher than the initial offer [3] Company Overview - TELUS International provides global digital customer and AI-driven solutions, including cloud and automation services, trust and safety, and AI data solutions [4] - The company is recognized as one of the 10 Cheapest Penny Stocks to Buy Now, highlighting its potential for investment [4]