Cogeco Inc. downgraded to Hold from Buy at TD Securities

TD Securities analyst Vince Valentini downgraded Cogeco Inc. (CGECF) to Hold from Buy with a price target of C$85, down from C$120, citing heightened U.S. competition risk. Sentiment and headline risk can cause volatility for smaller cap names like Cogeco Inc. and Cogeco Communications (CGEAF), says the analyst, who would rather wait for either a lower entry point before recommending the purchase of more shares.