BCE price target lowered to $35 from $38 at Barclays

Barclays lowered the firm’s price target on BCE to $35 from $38 and keeps an Equal Weight rating on the shares as part of a Q1 earnings preview for the Canadian telecom space. The tough competitive phase in Canadian telecom “will likely be painful for operators to dig out of, and the worst may not be over,” the analyst tells investors in a research note.