The Globe and Mail reports in its Friday, April 10, edition that RBC Dominion Securities analyst Drew McReynolds is sticking with his "outperform" call and $39 share target for BCE. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $38.73. Mr. McReynolds says in a note: "We continue to believe current share price levels represent an attractive entry point reflecting what should be a gradual and sustained re-acceleration in underlying revenue and adjusted EBITDA growth beginning in 2026 driven by both differentiated and diversified growth tailwinds (Ziply, Enterprise, Bell Media) against the backdrop of a gradually improving wireless pricing environment in Canada. At an FTM EV/EBITDA multiple of seven times, we see the potential for modest multiple expansion as management executes on its 2026-2028 outlook, which in our view, has contributed meaningfully to earnings visibility relative to Canadian peers. Our forecast continues to be more conservative relative to the updated 2026-2028 outlook leaving the potential for upside earnings surprises." The Globe reported on Dec. 17 that Mr. McReynolds rated BCE "outperform." It was then worth $31.92.
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