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Scotiabank raises BCE's price target to C$40 after strong Q2 earnings beat expectations.

Analyst Insights
07 Aug 2026
Rayan Ahmad
View Source
Bullish
Scotiabank raises BCE's price target to C$40 after strong Q2 earnings beat expectations.

Scotiabank increased its price target for BCE Inc. to C$40 and maintained an "Outperform" rating following BCE's strong Q2 2026 results. The company reported adjusted earnings of C$0.65 per share, a 3.2% year-over-year increase, and total revenues rose 1.5% to C$6.18 billion, both surpassing analyst expectations. Growth was driven by higher service revenue, contributions from the Ziply Fiber acquisition, and Bell Media's revenue increase. Despite challenges like a decline in product revenue and reduced free cash flow due to higher capital spending, BCE's stock is considered modestly undervalued, suggesting potential for future growth.

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Dubai's Michelin Guide 2026 nearly doubles listed restaurants, with new stars and awards announced.

Dubai's Michelin Guide 2026 nearly doubles listed restaurants, with new stars and awards announced.

The 5th edition of the Dubai Michelin Guide features 122 restaurants, nearly doubling since its debut. Orfali Bros was promoted to two Michelin stars, while two new restaurants, Birch and KIGO, earned their first stars. The guide highlights Dubai's g...

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58 minutes ago
MICHELIN Guide Dubai 2026 nearly doubles restaurant selections with new stars and Bib Gourmand awards

MICHELIN Guide Dubai 2026 nearly doubles restaurant selections with new stars and Bib Gourmand awards

The 5th edition of the MICHELIN Guide Dubai features 122 restaurants, almost double since its debut, highlighting Dubai's growing culinary scene. Orfali Bros was upgraded to Two MICHELIN Stars, while two new restaurants, Birch and KIGO, earned One MI...

Others
Neutral
58 minutes ago
Michelin Guide Dubai 2026 nearly doubles restaurant selection, promoting Orfali Bros to two stars.

Michelin Guide Dubai 2026 nearly doubles restaurant selection, promoting Orfali Bros to two stars.

The 5th edition of the Michelin Guide Dubai features 122 restaurants, almost double since its launch, highlighting Dubai's growing global culinary prestige. Orfali Bros was promoted to two Michelin stars, while two restaurants retained three stars. T...

Others
Neutral
58 minutes ago
Dubai's MICHELIN Guide 2026 nearly doubles restaurant listings, with new stars and Bib Gourmand additions.

Dubai's MICHELIN Guide 2026 nearly doubles restaurant listings, with new stars and Bib Gourmand additions.

The 2026 edition of the Dubai MICHELIN Guide features 122 restaurants, nearly doubling the number since its first edition. Key highlights include Orfali Bros' promotion to Two MICHELIN Stars, two new One MICHELIN Star restaurants (Birch and KIGO), an...

Market News
Neutral
58 minutes ago
MICHELIN Guide Dubai 2026 nearly doubles restaurant selection, adds new stars and Bib Gourmand awards

MICHELIN Guide Dubai 2026 nearly doubles restaurant selection, adds new stars and Bib Gourmand awards

The 5th edition of the MICHELIN Guide Dubai features 122 restaurants, nearly double the original selection, highlighting Dubai's growing culinary scene. Orfali Bros earned two MICHELIN stars, joining two other three-star restaurants that retained the...

Others
Bullish
58 minutes ago
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