UBS analyst Batya Levi upgraded Rogers Communications to Buy from Neutral with a price target of C$75, up from C$64. UBS believes shares have an attractive risk-reward, supported by continuation of mid- to high-single digit growth for the standalone company and upside from deal accretion, and the firm expects the Shaw Cable deal to close in the next few weeks, the analyst tells investors in a research note. The firm sees the Shaw deal providing 30%+ accretion.
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