The Globe and Mail reports in its Friday, Feb. 9, edition that Desjardins Securities analyst Jerome Dubreuil has reaffirmed his "hold" ranking for BCE. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dubreuil gave his share target a $3 trim to $55. Analysts on average target the shares at $55.13. Mr. Dubreuil thinks the Street has already modelled most of the benefits from BCE's restructuring efforts, including a major restructuring plan and a slower dividend growth rate, but not its costs. Mr. Dubreuil says in a note: "The restructuring plan is NAV-positive and allows BCE to improve its profitability while leveraging its recent investments in technology. We believe a continued focus on costs could be required as it looks increasingly difficult for companies in the industry to differentiate their services. Management is betting on its winning segments and had a streamlining mindset in the quarter. In addition to its largest restructuring in 30 years and the already announced wind-down of The Source operations, BCE announced the sale of 45 of its 103 radio stations." The Globe reported on Dec. 7 that Mr. Dubreuil continued to rate BCE "hold" when it could be had for $55.42.