The Globe and Mail reports in its Wednesday, April 8, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "buy" recommendation for Telus. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil gave his share target a $1.50 trim to $21.50. Analysts on average target the shares at $20.72. Mr. Dubreuil says in a note: "We do not expect any changes to capital allocation this quarter. That said, we continue to believe the company should 1) cut its dividend by 30–40 per cent, terminate the DDRIP; 2) refocus on core telecom operations and sell non-core assets; 3) delever organically and focus on FCFPS. We think some of these initiatives could be announced as early as in Q2. While we still believe Telus has a long-term value creation opportunity, we are cautious ahead of the quarter." The Globe reported on Dec. 15 and Jan. 13 that Mr. Dubreuil continued to rate Telus "buy." The shares could then be had for $17.63 and $18.52. The Globe reported on Feb. 19 that National Bank Financial analyst Adam Shine had reaffirmed his "outperform" recommendation for Telus. The shares could then be had for $18.54.