BCE Inc T.BCE.PR.M

Another analyst downgrade

[Dogsbreakfast4U]

JP Morgan’s Sebastiano Petti cut his targets for BCE Inc. (BCE-T) to $47 from $54

[joebravo]

Everyone jumping on the bandwagon? How do they manage to change flags every couple months?

[JoeBravo1]

Do you have some sort of live feed to analyst reports, because I checked with my brokerage and that analyst still has a HOLD and $54 PT from Feb. 08 when it was trading around that price level. What I don't understand is why, if PETTI just lowered his price target from $54 to $47, didn't he do it when it was trading higher around his original target back in February. It seems these 2

[hawk35]

The downgrade appeared in today's Globe and Mail. JP Morgan’s Sebastiano Petti cut his targets for BCE Inc. ( BCE-T -0.38% decrease) to $47 from $54 and Telus Corp. ( T-T +0.74% increase) to $24 from $27 with “neutral” recommendations for both. The averages on the Street are $54.29 and $26.19, respectively.

[JoeBravo1]

Thanks hawk35.  It still doesn't change the fact it took him 2 months after their lates 4Q and YE 2023 Results to change his opinion, and just go with the current share price as his target as did the BMO analyst. Like calling for snow, during a blizzard.

[HoneyBadger77]

Exactly JoeBravo!  And for those that can't figure out what's really going on with BCE's share price, it's all here....in fine print.... s70723-20162302-331156.pdf (sec.gov) ...I've posted this more than once and strongly recommend you educate yourself on how these markets really work.  It's pretty clear from reading this document that the deck is so unevenly