JPMorgan analyst Sebastiano Petti lowered the firm’s price target on BCE (BCE) to C$35 from C$41 and keeps a Neutral rating on the shares. The firm updated BCE’s estimates ahead of the Q4 results to reflect recent trends. The analyst cites the company’s slower growth as well as leverage and capital allocation concerns for the Neutral rating.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
