Morgan Stanley downgraded BCE (BCE) to Underweight from Equal Weight with a price target of C$34, down from C$40. The firm expects lower growth from Canadian telcos than their U.S. peers in 2025, driven by “intense” competition across wireless and broadband and slowing immigration, the analyst tells investors in a year-ahead note for the group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BCE: