The Financial Post reports in its Tuesday edition that Bay Street reacted positively to BCE's $3.9-billion acquisition of Manitoba Tel, with analysts at CIBC and BMO updating their forecasts now that the combined entity Bell MTS is the market leader in Manitoba. The Post's Emily Jackson writes that looking at BCE's dividend growth potential, CIBC reinstated its coverage of BCE after a 10-month hiatus, analyst Robert Bek wrote in a Monday note. "We see strong opportunities for cost synergies as a result of MTS, and view the company's rough guidance of $100 million in annual savings as the low end of opportunity," Mr. Bek said. "We also see some revenue potential from its now-dominant competitive position in Manitoba." CIBC maintained its view of BCE as neutral despite improvements to yield safety, although Mr. Bek did call Bell "a leader in the yield safety trade in Canada." BMO analyst Tim Casey was more optimistic, rating BCE outperform compared with its peers. While the transaction was "relatively small," it improved dividend growth, geographic diversification, economies of scale, and the potential for bundling wireless and wired products, Mr. Casey wrote. Both BMO and CIBC set BCE's price target at $60.