The Globe and Mail reports in its Friday edition that National Bank Financial analyst Adam Shine raised his share target for Canadian telecommunications stocks after a change to his valuation method after extending his valuation period. The Globe's David Leeder writes that Mr. Shine says in a note: "We thought Canadian telecom stocks had for the most part found their 2023 lows when we wrote on Oct. 4 about finding bottoms amid precedent valuations and rising rates. Since Oct. 3, Quebecor and the Big 3 rallied an average of 15.3 per cent with Cogeco (CCA) down 4.3 per cent despite 10.8-per-cent appreciation over the past week. While Rogers stood out during 3Q reporting, falling yields served as an important trigger for the resuscitation of the sector as did more muted than expected spending in the 3800 MHz spectrum auction whose results were disclosed after market on Nov. 30. ... On Dec. 4, we updated our forecasts for the 3800 MHz auction, as 20 per cent of the cost of the acquired licences needs to be paid by the companies by Jan. 17 and the other 80 per cent by May 29." Mr. Shine continues to rate BCE "outperform." He gave his share target a $2 boost to $58. Analysts on average target the shares at $57.11.