12:45 PM EDT, 07/02/2025 (MT Newswires) -- BMO has increased its target on Rogers Communications to $57 and reiterated its Outperform rating.

Analyst Tim Casey writes that the wireless pricing environment appears to be improving with operators raising prices in April and largely maintaining those levels through the quarter.

Modest Cable revenue growth should also return for the balance of 2025E, Casey adds. The $7 billion structured equity transaction was completed and the MLSE transaction is also expected to be finalized soon. Rogers' sports assets provide significant upside potential.

Price: 42.88, Change: +2.49, Percent Change: +6.16