BCE price target lowered to C$61 from C$63 at Canaccord

Canaccord analyst Aravinda Galappatthige lowered the firm’s price target on BCE to C$61 from C$63 and keeps a Hold rating on the shares. The firm previewed its Q2 results and expects a resilient quarter by Bell with low-single-digit growth in revenue and EBITDA. Wireless should continue to post strong, albeit moderating results, while wireline should be in the positive territory.