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Fly News Breaks for May 26, 2016
BCE
May 26, 2016 | 06:31 EDT
Citi analyst Michael Rollins downgraded BCE to Neutral citing valuation but raised his price target for the shares to C$62 from C$60. The analyst still believes the Canadian Telecom sector is a better place to be relative to the U.S. Telco sector.
News For BCE From the Last 2 Days
BCE
Apr 23, 2024 | 11:39 EDT
As previously reported, CIBC analyst Stephanie Price upgraded BCE to Outperformer from Neutral with an unchanged price target of C$52. The stock is trading at a five-year trough multiple amid heightened competitive intensity, volatile interest rates and concerns around free cash flow growth, notes the analyst. While the firm recognizes these concerns, it believes that they have been "priced into the name at these levels," the analyst tells investors.
