The Globe and Mail reports in its Thursday, Dec. 7, edition that Desjardins Securities analyst Jerome Dubreuil is "more positive" on the Canadian telecommunications industry heading into 2024 than he has been all this year, citing "improved visibility, encouraging recent CPI prints and 2023 underperformance." The Globe's David Leeder writes that Mr. Dubreuil has reaffirmed his "buy" recommendation for Cogeco Communications. His share target retreated by $2 to $70. Analysts on average target the shares at $69.68. Mr. Dubreuil says in a note: "Cogeco Communications is actively exploring the possibility of introducing a wireless service in Canada, the U.S. or both as it aims to bundle its existing wireline customers. However, we see this strategy as generating low ROIC given the low risk-adjusted IRRs on wireless resale. While there are arguments in favour of Cogeco's wireless launch, such as an apparent inflection point in wireless/wireline conversion and the documented positive impact on reducing cable churn, we believe that the counter arguments carry more weight. ... Investments in such a venture could affect the ROIC for several years and the market is not always ready to buy into such long-term plans."