What exactly did TD Securities do on Feb 13, 2026?

TD Securities **maintained a Buy** rating on TU and lowered the TELUS price target to **C$21** from **C$25**. This adjusted the expected upside while keeping a positive view on operations and dividend strength.

How should investors interpret the TU analyst rating change?

A maintained Buy with a lower price target signals continued analyst confidence but reduced near-term upside. Use the TU analyst rating alongside yield, capex plans, and subscriber metrics when deciding.

Does the price target cut mean a downgrade for TELUS?

No. The move is not a rating downgrade. TD changed only the TU price target to **C$21**, while keeping the Buy rating, implying a softer price view without reduced conviction.

Where can I read the original TD note and market context?

TheFly reported TD’s price target cut and maintained Buy on Feb 13, 2026 [source](https://thefly.com/permalinks/entry.php/id4293064/8761286394/TU-Telus-price-target-lowered-by-C-at-TD-Securities). For recent market quotes, see MarketWatch’s TU page [source](https://www.marketwatch.com/investing/sto?

How does Meyka grade affect my view of the TU analyst rating?

Meyka AI rates TU with a grade of **B**, which factors in benchmarks, sector performance, growth, metrics, and analyst consensus. The TU analyst rating is one input into this grade, not investment advice.

Analyst Ratings

TD Securities Maintains Buy on TU (TELUS Corporation) Feb 13 2026

ByDanny Kontos February 16, 2026February 16, 2026

TD Securities maintained a Buy rating on TU (TELUS Corporation) on Feb 13, 2026, while lowering its price target to C$21 from C$25. This action is the core item in the current TU analyst rating update. The firm left the rating unchanged despite trimming its target, signaling confidence in the company’s mid‑term fundamentals. Investors should note TD cited valuation and operating momentum when keeping the Buy stance.