The Globe and Mail reports in its Tuesday edition that Scotiabank analyst Maher Yaghi has reaffirmed his "sector perform" recommendation and $50.50 share target for BCE. The Globe's Darcy Keith writes that Mr. Yaghi says BCE's sizable 8.8-per-cent dividend yield is very hard to ignore. He says in a note, however, that two things are keeping him from upgrading the stock at this stage: "In Q3 we expect the company to report flat growth in wireless and wireline service revenues but also flat to 1-per-cent growth in EBITDA for the telecom segment. While BCE did undertake a meaningful restructuring early this year, unlike Telus and Rogers we are not seeing the same flow through to earnings yet. Some reasons for this divergence possibly include the significant subscriber cost of acquisition the company is investing to gain share in FTTH especially in Quebec and a slower move to reduce cost to serve in wireless (Telus has put significant effort to promote Public Mobile and Rogers is culling prepaid from Fido and the Rogers brand; Bell is still selling prepaid on its premium label)." Mr. Yaghi says BCE's dividend distribution ratio remains clearly too high and continues to get exasperated by the yearly dividend increases.