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Fly News Breaks for December 21, 2016
BCE, SJR
Dec 21, 2016 | 09:30 EDT
Desjardins analyst Maher Yaghi downgraded Shaw Communications (SJR) to Hold with a price target of C$28 citing valuation. The analyst this morning also upgraded BCE (BCE) to Buy.
News For SJR;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.
