The Globe and Mail reports in its Tuesday, April 7, edition that Canaccord Genuity analyst Aravinda Galappatthige is sticking with his "buy" call for Cogeco Communications. The Globe's David Leeder writes in the Eye On Equities column that Mr. Galappatthige lowered his share target to $74 from $76. Analysts on average target the shares at $75.91. Mr. Galappatthige says in a note: "As we enter Q2/26, our focus is on the potential shape of recovery in the U.S. business. We expect Q2 to mark the peak in U.S. EBITDA declines, followed by a degree of improvement in the second half. The prospective drivers are 1) the previously mentioned price increases, 2) net adds trends improvement, 3) ongoing benefits from the transformation plan, and over time 4) the rollout of the welo brand. We interpret the recent share price pullback as largely reflective of market uncertainty and limited visibility on the U.S. recovery. That said, the Canadian business remains stable, and the stock still offers an attractive FCF yield of 18 per cent, providing meaningful downside protection."