Canaccord Genuity Group has increased its price target for Rogers Communications (TSE: RCI.B, NYSE: RCI) from C$55.00 to C$57.00. The investment firm maintains a “buy” rating on the stock, signaling confidence in its future performance.
This update was shared in a recent research report distributed to clients and investors. The revised price target indicates expectations of further appreciation in Rogers Communications’ stock value.
**Why this matters**
An increased price target from a reputable equity research firm can influence investor sentiment and market activity. It reflects Canaccord Genuity’s positive outlook on Rogers Communications’ growth prospects and financial health, which may attract additional investment interest in the company.
Source: NewsData