BCE price target raised to C$29 from C$28 at JPMorgan

JPMorgan raised the firm’s price target on BCE (BCE) to C$29 from C$28 and keeps an Underweight rating on the shares. The company reported “mixed” Q1 results and the outlook is “somewhat conservative” but likely reflects current macro uncertainty, the analyst tells investors in a research note. The firm cites BCE’s valuation versus peers for the Underweight rating.