The Globe and Mail reports in its Wednesday, March 18, edition that TD Cowen analyst Vince Valentini is keeping his "buy" call on BCE intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Valentini boosted his share target by a loonie to $41. Analysts on average target the shares at $37.68. Mr. Valentini finds the potential returns from BCE's new 300-megawatt artificial intelligence data centre outside Regina to be "attractive," prompting him to adjust his revenue, earnings and free cash flow projections for 2028. Mr. Valentini says in a note: "Our TP remains based on 2028 estimates, so adding both the incremental EBITDA, and the incremental debt (via new capex) has pushed our target up $1. The simple math is that $400M in EBITDA at target multiple of 7.6 times (on wireline segment EBITDA) equals $3.04-billion in EV. Subtract $1.7-billion in new capex/debt (one could potentially deduct only $1.3-billion owing to customer prepayments funding some of the project, but we are choosing to be more cautious with the quick math), and one gets $1.34-billion in equity value creation within two years. Discount back a year, and divide by shares outstanding, and the TP impact equates to $1.24 per BCE share."