TD Securities Upgrades Rogers Communications (RCI) to Buy on Improved Free Cash Flow Outlook
TD Securities upgraded Rogers Communications (RCI) to a 'Buy' rating from 'Hold' and raised its price target to C$60 from C$56, citing stronger free cash flow expectations due to lower capital expenditures. The company also plans to acquire the remaining 25% stake in MLSE and restructure its sports, media, and entertainment assets.
Tickers: $RCI
Topics: Analyst Upgrade Capital Expenditure Dividend Stocks Free Cash Flow M&A Rogers Communications