BCE price target raised to C$53 from C$51 at RBC Capital

RBC Capital raised the firm’s price target on BCE (BCE) to C$53 from C$51 and keeps a Sector Perform rating on the shares. The proposed sale of the company’s 37.5% equity stake in MLSE to Rogers (RCI) as a logical outcome and indicative of proactive balance sheet management that has provided improved visibility on the de-levering trajectory, the analyst tells investors in a research note.