The Globe and Mail reports in its Friday, Jan. 5, edition that Scotia Capital analyst Maher Yaghi continues to rate Cogeco Communications "sector perform." The Globe's David Leeder writes that Mr. Yaghi has an unchanged share target of $77. Analysts on average target the shares at $71.30. Mr. Yaghi says in a note: "Cogeco Communications' stock has put on a nice rally since the sale of Rogers' block and removal of the overhang. We expect Q1 to show continued financial pressure with negative 1-per-cent year-over-year revenue growth and negative 3-per-cent year-over-year EBITDA growth. The Canadian business should show low-single-digit revenue growth while we expect low-single-digit decline in the U.S. The key to Cogeco is to improve the U.S. business which continues to exhibit deteriorating trends. FWA competition is expected to remain elevated in the U.S. especially with the improvement in TMUS and VZ's spectrum holdings in early 2024. We also see FWA as a risk for the Canadian business in case Rogers decides to try to take share in Southern Ontario." The Globe reported on June 29 and Oct. 24 that Mr. Yaghi had reaffirmed his "sector perform" recommendation for Cogeco when it was worth $68.21 and $57.01.