RBC Capital analyst Drew McReynolds downgraded Shaw Communications (SJR) to Sector Perform from Outperform with an unchanged price target of C$40.50. The downgrade follows the run-up in the shares through the Tribunal hearings and with the Tribunal decision, McReynolds tells investors in a research note. In light of the remaining potential paths to the Rogers (RCI) deal closing, at current levels McReynolds looks for investment opportunities elsewhere within the Canadian telecom sector.
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Published first on TheFly
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