TD Securities analyst Vince Valentini maintained a Buy rating on Rogers Communication (RCI – Research Report) today and set a price target of C$60.00.
Vince Valentini has given his Buy rating due to a combination of factors that suggest a positive outlook for Rogers Communication’s stock. One of the primary reasons is the clarity on infrastructure funding, which is expected to be well received by investors and could enhance the company’s growth prospects. This clarity may lead to increased investor confidence and potentially drive the stock price upward.
Moreover, Valentini likely sees Rogers Communication as well-positioned within its industry, benefiting from strategic initiatives and market conditions that favor its business model. The target price set at C$60.00 reflects an optimistic view of the company’s future performance, suggesting that the stock is undervalued at its current price and offers a good buying opportunity for investors.
In another report released on April 4, Canaccord Genuity also upgraded the stock to a Buy with a C$41.00 price target.