The Globe and Mail reports in its Friday edition that Scotia Capital analyst Maher Yaghi has elevated his recommendation for Quebecor to "sector outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi boosted his share target by $1.25 to $38.25. Analysts on average target the shares at $39.21. Mr. Yaghi says in a note: "We believe Quebecor continues to execute well in Quebec and is methodically growing its Freedom business without exerting pressure on the balance sheet. While we continue to believe that the capex profile for Quebecor is likely to increase in the coming years, the increase is unlikely to be material until 2025 and beyond. ... We believe Quebecor will perform well in Q4. On the Videotron side, the company was aggressive offering bundled discounts on wireless/Internet during Black Friday and demand was strong based on industry contacts we have interacted with. Wireless loading is likely not as strong as Q3. However if viewed at on a year-over-year basis vs when Shaw owned the asset, the results should be very encouraging. We believe that capex at Quebecor is likely heading higher, however, the increase is unlikely to be material until 2025."