Inside the Market’s roundup of some of today’s key analyst actions
“While we continue to believe the acquisition of SJR is a compelling long-term strategic move for RCI, we believe the company faces meaningful near- to medium-term integration risk, which in our view is not fully reflected in the pro forma multiple discount to peers,” he said in a research note released before the bell. “Indeed, the stock’s discount to BCE is only cheaper than its historical average if we factor in all synergies .
Moving shares of Rogers to a “hold” recommendation from “buy” previously, Mr. Dubreuil reduced his target to $68 from $73. The average target on the Street is $72.45, according to Refinitiv data.
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