The Globe and Mail reports in its Wednesday edition that RBC Dominion Securities analyst Drew McReynolds is sticking with his "sector perform" ranking and $76 share target for Cogeco Communications. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $88.77. Mr. McReynolds says in a note: "Despite competitively intense operating environments in Canada and the U.S., management continues to execute on multiple growth initiatives that include rural broadband expansion, North American wireless penetration, digitization and Canadian Broadband and American Broadband integration. While we remain on the sidelines given the challenged revenue environment and ongoing elevated competitive intensity in the U.S., we continue to see value in the stock and look for better visibility on potential catalysts that could include an eventual uptick in revenue growth (driven by footprint expansion, price increases and/or wireless entry), the eventual realization of greater-than-expected synergies, and/or any potential easing in U.S. competition/concerns." The Globe reported on July 19 that Mr. McReynolds continued to rate Cogeco "sector perform." The shares could then be had for $72.42.