19% decline in Rogers shares due to price war and slow growth, but TD Securities recommends buying as price hikes and rate cuts expect to boost performance.
Rogers shares are down 19% from January highs, but TD Securities' Vince Valentini sees it as a "great time to buy". The price war among Canada's largest telecoms and slow cable/internet growth have weighed down Rogers shares. However, TD Securities expects price hikes from Rogers and recent Bank of Canada rate cuts to boost the company's near-term performance.
July 26, 2024
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