The Globe and Mail reports in its Thursday, Oct. 3, edition that TD Cowen analyst Vince Valentini has reaffirmed his "hold" recommendation for BCE. The Globe's David Leeder writes in the Eye On Equities column that Mr. Valentini lowered his share target by a loonie to $50. Analysts on average target the shares at $50.26. Mr. Valentini says in a note: "As indicated by the CEO at a conference in September, BCE is facing revenue growth challenges in Q3. We lowered our estimates and we now expect FY24 revenue guidance of 0 to 4 per cent to be slightly missed. We continue to embed less than 1-per-cent dividend growth per annum in our model, but the payout ratio on TD definition FCF is expected to remain above 100 per cent through 2026. ... With over $4-billion in net proceeds expected from the MLSE sale, we see very little risk of a dividend cut in the next few years, and thus the 8.5-per-cent dividend yield alone should mitigate downside risk for BCE shares as interest rates likely continue to decline." The Globe reported on Aug. 2 that Desjardins Securities analyst Jerome Dubreuil had reiterated his "hold" recommendation for BCE. The shares were then going for $47.60.