The Globe and Mail reports in its Thursday, Dec. 14, edition that RBC Capital analyst Drew McReynolds has reaffirmed his "sector perform" recommendation for Cogeco Communications. The Globe's David Leeder writes that Mr. McReynolds increased his share target to $84 from $80. Analysts on average target the Class B shares at $72.96. Mr. McReynolds's share-price hike was prompted by Rogers's sale of its interest in the company. He says in a note: "Despite more competitively intense operating environments in both Canada and the U.S., we believe management continues to execute on multiple growth initiatives that include rural broadband expansion, entry into the Canadian and U.S. wireless markets and tuck-in M&A. While for the moment we forecast average annual NAV growth of 2 per cent through F2026E and the company's competitive position remains somewhat uncertain given the absence of wireless against the backdrop of expanding FTTH/5G/FWA footprints, we see value in the stock but look for more timely entry points with a potential path to higher growth beginning in F2025 driven by the flow through of rural broadband expansion, wireless entry, and/or easing U.S. competition/concerns, particularly with respect to FWA."