TD Securities has increased its price target for Rogers Communications (TSE: RCI.B, NYSE: RCI) from C$64.00 to C$67.00. The brokerage maintains a “buy” rating on the stock, indicating confidence in its future performance. The new price target implies a potential gain of approximately 30% from the current trading level.
The report highlights positive expectations for Rogers Communications based on recent market analysis. Investors may view this update as a signal of the company’s growth prospects in the telecommunications sector.
**Why this matters**
An upgraded price target and buy rating from a major brokerage can influence investor sentiment and trading activity. The anticipated price appreciation suggests that analysts see value in Rogers Communications’ business strategy and market position, which could impact investment decisions.
Source: NewsData