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CJREF - Corus Entertainment +6.2% as RBC upgrades on ad recovery
Corus Entertainment Inc
Corus Entertainment (CJREF +6.2%) is up solidly for a second day after earnings, as RBC boosted its rating to Outperform from Sector Perform. It's pointing to valuation as a positive. along with expectations for an ongoing cyclical recovery in TV ad spending. The firm's raised its price target to C$5 from C$4, now implying 36% upside. (Shares are currently up 8.3% in Toronto.) Street analysts are Bullish on the whole, while Seeking Alpha authors are Neutral. The stock has a Quant Rating of Neutral.