RBC Capital analyst Drew McReynolds upgraded Quebecor (QBCRF) to Outperform from Sector Perform with a price target of C$39, up from C$37. The stock’s risk/reward setup is more attractive following a period of downward estimate revisions and lowered expectations, the analyst tells investors in a research note.
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Read More on QBCRF:
- Quebecor price target lowered to C$37 from C$38 at Scotiabank
- Quebecor price target lowered to C$37 from C$38 at RBC Capital
- Quebecor price target raised to C$40 from C$39 at CIBC
- Quebecor price target lowered to C$37 from C$37.50 at Canaccord
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