Scotiabank Maintains Sector Perform on BCE, Lowers Price Target to C$53
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Maher Yaghi has maintained a Sector Perform rating on BCE Inc. (TSX:BCE) and lowered the price target from C$53.25 to C$53.

May 03, 2024 | 8:13 pm
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NEUTRAL IMPACT
Scotiabank maintains a Sector Perform rating on BCE Inc. and lowers the price target from C$53.25 to C$53.
The adjustment in price target by Scotiabank reflects a minor revision in valuation expectations for BCE Inc. Given the nature of the adjustment and the maintenance of the Sector Perform rating, the impact on the stock price is likely to be neutral in the short term. The importance is rated at 75 due to the influence analyst ratings and price targets can have on investor sentiment, while the confidence level is at 90, reflecting the direct mention and specific action taken by the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100