The Globe and Mail reports in its Friday, July 11, edition that valuation multiples in the Canadian telecom sector are stabilizing, with more discipline on promotional discounts, says Desjardins Securities analyst Jerome Dubreuil. The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Dubreuil says analyst expectations for the upcoming earnings season seem achievable, indicating a better understanding of the industry's challenges compared with prior quarters, which had frequent downward estimate revisions. Mr. Dubreuil says analyst expectations for the upcoming earnings season seem achievable. He believes there is room for telco additions in many institutional portfolios. Mr. Dubreuil says Rogers Communications is his top pick ahead of the earnings season. He boosted his share target for the Class B shares to $49 from $45. Mr. Dubreuil says in a note: "We believe the company will benefit from numerous catalysts going forward, including further formalization of a reduction in capital intensity expectations and potential minority sales of MLSE, leading to deleveraging. The recent closing of the Blackstone transaction alleviates balance sheet uncertainty."