The Globe and Mail reports in its Thursday, April 18, edition that Scotia Capital analyst Maher Yaghi has reaffirmed his "sector outperform" recommendation for Rogers Communications. The Globe's David Leeder writes in the Eye On Equities column that Mr. Yaghi trimmed his share target by $4 to $71.50. Analysts on average target the Class B shares at $72.27. Mr. Yaghi says in a note: "We estimate that Rogers continued to take share in wireless in Q1. However, according to ThinkCX data, Western Canadian cable market share remains under pressure which could explain the recent more aggressive pricing posture in cable that Rogers has taken to improve loading. While work on the cable side continues, wireless subscriber growth continues to be a significant tailwind to results supported by positive ARPU growth in the quarter. While we expect synergies to continue to support further growth in 2024, Q1 might see a slight pause as the company transitions from headcount redundancy savings to IT/infra cost reductions, which are bulkier in nature." The Globe reported on Oct. 24, Dec. 15 and Jan. 5 that Mr. Yaghi continued to rate Rogers "sector outperform." It was then worth $51.93, $61.60 and $62.17.