New Targets After its first-quarter financial results exceeded expectations, a group of equity analysts on the Street raised their target prices for shares of Cogeco Communications Inc. on Monday.
Those making changes included:
* Scotia Capital’s Jeff Fan to $132 from $129 with a “sector outperform” rating.
* CIBC World Markets’ Robert Bek to $121 from $120 with an “outperformer” rating.
* National Bank Financial’s Adam Shine to $126 from $120 with an “outperform” rating.
* TD Securities’ Vince Valentini to $140 from $125 with a “buy” rating.
* BMO Nesbitt Burns’ Tim Casey to $120 from $117.70 with a “market perform” rating.
The average target on the Street is $123.33.