BCE price target shake-up: RBC lifts to C$38 as Scotiabank, Desjardins trim theirs
RBC Capital Markets raised its BCE price target to C$38, keeping an Outperform rating, while Scotiabank and Desjardins trimmed their targets but maintained positive outlooks. BCE shares traded near C$33.6 in Toronto Thursday morning. Desjardins cited BCE’s high debt and slim net margin, while RBC expects operating growth to pick up in 2026.