- Cogeco Communications (CGEAF -0.7%) is trading lower again after posting a miss in its Q1 earnings.
- Shares are down 1.3% in Toronto to C$81.50.
- The stock may be seeing an overhang from speculation that Rogers (NYSE:RCI) might divest its stake, says National Bank's Adam Shine, who has lowered his price target to C$88 from C$96.
- Echelon's Rob Goff sees share pressure coming from the tough Q1 after a stronger 2017 (and lowered target to C$96), but overall thinks the stock is "modestly undervalued."
- Macquarie, meanwhile, has upgraded shares to Neutral and set a price target of C$90 (implying 10% upside from current price).
- Earnings slides