TD Cowen Downgrades BCE to Hold, Lowers Price Target to C$58
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Vince Valentini has downgraded BCE (TSX:BCE) from Buy to Hold and lowered the price target from C$61 to C$58.
September 01, 2023 | 3:59 pm
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BCE's rating has been downgraded from Buy to Hold by TD Cowen, with a lowered price target from C$61 to C$58.
The downgrade from Buy to Hold suggests that the analyst believes the stock may not outperform the market in the near future. The lowered price target indicates a reduced expectation of the stock's future value. This could potentially lead to a decrease in the stock's price as investors adjust their expectations.
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IMPORTANCE 80
RELEVANCE 100