Jul. 16 at 2:27 PM
$RCI.B.TSX Raymond James reinstates coverage on the Canadian telecom sector, designating Rogers (RCI) as an "Outperform" pick with a C
$68 target
Growth Leader: Rogers is currently the sector leader in free cash flow growth, with a forecasted 25% increase in 2026 driven by declining capital intensity.
Strategic Catalyst: Moving to 100% ownership of MLSE is a critical step that may allow Rogers to unlock the value of its
$20+ billion sports and media portfolio to aggressively pay down debt.
$RCI