The Globe and Mail reports in its Wednesday, April 8, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "buy" recommendation for BCE. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil gave his share target a 50-cent trim to $41.50. Analysts on average target the shares at $38.80. Mr. Dubreuil says in a note: "BCE sits at the top. The company has recently demonstrated decent fundamental momentum with the 300MW data centre announcement (with potential for more announcements) and the $675-million sale of its land mobile radio networks services business. However, its large telecom exposure, where we expect a challenging quarter, could limit near-term upside. Overall, we are encouraged by BCE's catalysts and its expected EBITDA growth acceleration over the next three years." The Globe reported on Jan. 28 that Barclays analyst Lauren Bonham had elevated her recommendation for BCE to "equal weight" from "under-weight." The shares were then going for $34.31. The Globe reported on Feb. 6 that Mr. Dubreuil had reiterated his "buy" recommendation when the shares were trading at $34.25.
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