Morgan Stanley analyst Benjamin Swinburne downgraded Rogers Communications (RCI) to Underweight from Equal Weight with a price target of C$45, down from C$71. The firm expects lower growth from Canadian telcos than their U.S. peers in 2025, driven by “intense” competition across wireless and broadband and slowing immigration, the analyst tells investors in a year-ahead note for the group.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCI:
- Rogers Communications cleared to acquire Bell’s 37.5% stake in MLSE
- Rogers Communications price target lowered to C$62 from C$67 at National Bank
- 3 Best Dividend Stocks, According to Analysts, 12/12/2024
- Rogers Communications price target lowered to C$66.50 from C$69 at Scotiabank
- Rogers Communications price target lowered to C$69 from C$71.50 at Scotiabank