BMO Capital raised the firm’s price target on Rogers Communications to C$70 from C$67 and keeps an Outperform rating on the shares. The company’s acquisition of a majority stake in Maple Leaf Sports & Entertainment – MLSE – is seen as an initial step in a process to monetize sports assets, including MLSE and the Toronto Blue Jays, through a separate entity, the analyst tells investors in a research note, adding that the firm is “positive” on the deal.
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