The Globe and Mail reports in its Friday edition that RBC Dominion analyst Drew McReynolds has reaffirmed his "outperform" recommendation for Rogers Communications. The Globe's David Leeder writes that Mr. McReynolds trimmed his share target by a loonie to $67. Analysts on average target the Class B shares at $71.03. Mr. McReynolds says Rogers shares could rise as Shaw Communications' integration progresses. Mr. McReynolds says in a note: "We believe Rogers reported another solid wireless quarter in Q1/24 with industry-leading wireless network revenue and EBITDA growth of 8.7 per cent and 8.9 per cent (including Shaw Mobile), respectively, network EBITDA margins of 64.3 per cent (up 11 basis points year-over-year), and postpaid net additions of 98k with a vast majority' on the main brand. Management estimates that wireless market expansion was 4.6 per cent in Q1/24 including the initial impact of fewer foreign student entries, and it expects market expansion of 4 to 4.5 per cent for the remainder of 2024 with growth attributable equally to penetration gains and population growth." The Globe reported on Feb. 2 and April 11 that Mr. McReynolds rated Rogers "outperform." The shares could then be had for $63.66 and $53.82.