The Globe and Mail reports in its Thursday, Oct. 16, edition that TD Cowen analyst Vince Valentini notes BCE's financial targets from its Investor Day were as expected, except for free cash flow. The Globe's David Leeder writes in the Eye On Equities column that Mr. Valentini has increased confidence in the outlook after management presentations and new segmented disclosures. Accordingly, seeing a more "credible" growth plan, he raised his rating for BCE to "buy" from "hold." Mr. Valentini raised his share target to $37 from $35. Analysts on average target the shares at $34.77. Mr. Valentini says in a note: "Despite slightly less revenue/EBITDA exposure to wireless than peers, wireless is still a big segment for BCE. Front book pricing in Canada continues to improve, and as this likely translates into better reported ARPU [average revenue per user] growth over the next few quarters, we believe all names in this sector would move higher. BCE is not depending on a return to positive mobile ARPU growth in its guidance through 2028 (nor is it counting on any meaningful improvement in population/immigration growth), but we believe positive ARPU is a definite possibility by 2027."