The Globe and Mail reports in its Wednesday, June 20, edition that Desjardins Securities analyst Maher Yaghi says TeraGo ($5.94) is "doing the right thing by gaining control of as much high-frequency spectrum as possible ahead of the upcoming deployment of 5G." The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi continues to rate the shares "hold." The Desjardins stockpicker, however, advanced his share target by 25 cents to $6. Analysts on average target the shares at $5.99. On Monday, TeraGo announced the closing of its equity financing of $6.9-million to pay for its acquisition of six 24 GHz spectrum licences. Mr. Yaghi says in a note: "TGO operates within a very competitive environment. Management's focus on offering new products to larger clients could help top-line growth; however, it will likely take a few quarters before those efforts impact results. Potential upside to our target could come from the company's spectrum holdings which, at this time, are awaiting the government's decision on 5G millimetre wave spectrum allocation." Meanwhile, TD Securities analyst Bentley Cross upgraded the stock to "buy" from "hold" with a share target of $7.50, rising from $6.