Barclays lowered the firm’s price target on Rogers Communications (RCI) to C$37 from C$39 and keeps an Equal Weight rating on the shares as part of a Q1 preview. The firm says the attractiveness of a defensive sector is limited by the low growth Canadian telecom environment.
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Read More on RCI:
- Rogers Communications price target lowered to C$35 from C$41 at Morgan Stanley
- Rogers Communication: Hold Rating Maintained Amid Neutral Valuation and Strategic Investments
- Positive Outlook for Rogers Communication: Buy Rating with Target Price of C$60.00
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