Barclays Maintains Equal-Weight on BCE, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar maintains an Equal-Weight rating on BCE Inc. (NYSE:BCE) and lowers the price target from $40 to $38.
February 12, 2024 | 5:00 pm
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Barclays maintains an Equal-Weight rating on BCE Inc. and lowers the price target from $40 to $38.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in BCE's stock price. The Equal-Weight rating suggests that the analyst views the company as adequately valued at its current price, but the lowered target indicates a reassessment of the company's future growth prospects or market conditions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100