Desjardins’ analyst Jerome Dubreuil likes what he sees from Rogers Communications (Rogers Communication Stock Quote, Chart, News, Analysts, Financials TSX:RCI.B).
As reported by the Globe and Mail, Dubreuil January 26 issued an update on RCI in which he called the stock a “Top Pick”
“RCI has performed very well over the last three months (outperformed the average of BCE and T by 15 per cent) but remains our top pick as the 2025 FCF yield gap vs peers remains too wide, in our view,” the analyst wrote. “Catalysts that should further close the valuation gap include the fact that 2025 would represent FY2 once RCI reports on February 1 (it looks particularly attractive on 2025 valuation metrics) and continued execution on synergies. We expect 7.0-per-cent organic EBITDA growth at RCI in 2024.”
The analyst today maintained his “Buy” rating on the stock and raised his price target on it from $76.00 to $77.00.
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