Scotiabank analyst Maher Yaghi upgraded BCE (BCE) to Outperform from Sector Perform with an unchanged price target of C$39. The firm believes wireless pricing in Canada “is potentially nearing an inflection point.” Wireless pricing should bottom in early 2026, which will couple with actions by BCE to right-size its dividend and “immunize” the balance sheet from dilution in the U.S., the analyst tells investors in a research note. Scotiabank sees an attractive valuation at current share levels. The firm notes it could upgrade Rogers (RCI) as well when it gets more clarity on the path forward for the company’s balance sheet and leverage.
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