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Fly News Breaks for December 17, 2019
BCE
Dec 17, 2019 | 07:40 EDT
Morgan Stanley analyst Simon Flannery downgraded BCE to Underweight from Equal Weight with a price target of C$58, down from C$65. Heightened wireless competition, regulatory concerns and elevated leverage in a space facing secular headwinds present increasing risks for the Telecom Services sector in 2020, Flannery tells investors in a research note. As a result, the analyst downgraded his Telecom Services sector view to Cautious from In-Line.
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