The Globe and Mail reports in its Friday, July 3, edition that TD Cowen analyst Vince Valentini upgraded BCE from "hold" from "buy," calling the recent drop in shares as "overdone." The Globe's David Leeder writes that Mr. Valentini continues to target the shares at $37. Analysts on average target the shares at $38.38. Mr. Valentini says in a note: "BCE shares have declined 13 per cent since early June, a move we believe has been driven largely by headline risk around potential SpaceX/Starlink disruption, an issue we flagged in our April report. We expect BCE's Q2 results on Aug. 6 to be a non-event (no changes expected in 2026 guidance, and some one-time item headwinds that can be easily explained. We acknowledge that Starlink could capture some incremental rural Internet subscribers (primarily legacy DSL customers) over the next few years, and we estimate Starlink has already reached roughly 500K rural homes in Canada. BCE has a larger base of homes passed (both urban and rural) than its peers, but we believe any wireline broadband share loss to Starlink would be gradual and manageable. Recent U.S. research on Starlink/SpaceX potentially entering the wireless market may be adding to broader investor concerns."