$BCE

Desjardins Securities analyst Chris Li upgraded Dollarama Inc. (DOL-T) after its Q2 2027 results beat estimates, citing resilient demand and strong growth prospects. Li raised his revenue and earnings projections but lowered his target price to $210. RBC and National Bank also revised their targets upward. BCE Inc. (BCE-T) was highlighted by Desjardins Securities for its Bell AI Fabric initiative, with a target price increase to $43. Ventum Capital initiated coverage of Silver X Mining Corp. (AG

Canadian analysts updated ratings and price targets for various companies. Enbridge (ENB) and TC Energy (TRP) received upgrades, while Evertz Technologies (ET) saw multiple target reductions. Notable changes include BCE (BCE) upgraded to BUY, Canfor (CFP) raised to STRONG BUY, and West Fraser (WFG) target increased. Several new coverages were initiated, including for Calian Group (CGY) and Skeena Resources (SKE).

Bell Canada's CEO Mirko Bibic announced a shift towards AI, data centers, and digital media, outlining a new strategy focusing on fiber, wireless, and enterprise AI solutions. Bell Media is transitioning from traditional broadcasting to digital platforms, with Crave as a key driver. The company plans a $50B data center expansion in Saskatchewan to support AI-driven business units.

CTV, part of Bell Media (BCE Inc.), contributed C$918M revenue (up 8.9%) and C$244M EBITDA (up 3.8%) in Q2. BCE's shares closed at $22.90. CTV's performance is not isolated, and its impact on BCE's earnings is unclear due to combined reporting with other assets.

Bell Canada plans a $52B AI data center campus near Regina, Saskatchewan, with up to 1.2GW capacity. The project includes partnerships with CoreWeave and Cerebras Systems, and could create thousands of jobs. Bell's investment may reach several billion dollars, with broader economic activity exceeding $50B, according to provincial and company estimates.

Canada's Investment Summit showcased opportunities for foreign capital, including a nationwide internet network, private investment in major airports, and a productivity tax deduction. BCE Inc. plans to expand its data centre capacity, while Brookfield and CPPIB launch a $50-billion infrastructure fund. Major pension funds and banks also announced significant investments in Canada.

BCE Inc. (BCE-T) plans to quadruple its AI data centre capacity in Saskatchewan, investing up to $5 billion. The project, with 1.2 GW of compute power, involves three new facilities. Bell AI Fabric is a growth focus as telecom earnings slow. Environmental concerns are addressed with closed-loop cooling and behind-the-meter power generation.

Enbridge (TSX:ENB) and BCE (TSX:BCE) are highlighted as discounted dividend stocks for Canadian TFSA investors. Enbridge, trading at $69, offers a 5.6% yield and has raised dividends for 31 years. BCE, at $32.50, provides a 5.4% yield after a 56% dividend cut. Both companies are investing in growth areas but face industry challenges.

BCE is shifting focus from traditional telecom to AI, raising concerns about dividend sustainability. Its AI fabric, built on fiber infrastructure, is driving wireline data revenue growth. BCE has cut its dividend payout ratio and paused growth to fund the transition. The company aims to reduce net debt to 3.0x EBITDA by 2028. Investors should monitor the timeline for AI-driven cash flow growth, as the current dividend yield is 5.37%.

Scotiabank analyst Maher Yaghi recommends BCE Inc. (BCE-T) for its AI exposure through a Saskatchewan data centre, citing favorable economics and a $40 target. Separately, Scotiabank notes narrow TSX leadership driven by gold stocks. Meta Platforms (META-Q) agreed to a $18B fine and teen-safety measures, with BofA Securities viewing it positively.