The Globe and Mail reports in its Wednesday edition that CIBC analyst Stephanie Price has hiked her rating for BCE to "buy" from "hold." The Globe's David Leeder writes that Ms. Price continues to target the shares at $52. Analysts on average target the shares at $52.07. Ms. Price says in a note: "BCE is trading at a five-year trough multiple amid heightened competitive intensity, volatile interest rates and concerns around FCF growth. While we recognize these concerns, we believe that they have been priced into the name at these levels. We do not foresee any change to the dividend growth model through 2024, expect improving FCF in H2 post restructuring, and expect the TPIA final decision to be relatively benign. One of the market concerns has been the final TPIA rate decision, which is expected sometime in 2024 and, in its interim form, disproportionately impacts BCE. Based on the February committee hearings, we believe that the final rate is more likely to clarify the definition of 'reseller' to exclude incumbents operating in other geographies. If the final TPIA rate can only be accessed by traditional resellers at a rate similar to the interim rate, we believe that the impact to BCE should be relatively benign."