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Quebecor Upgraded to Outperform at Raymond James

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Quebecor Inc. (QBR-B.TO) was upgraded to outperform from market perform at Raymond James.

Analyst Steven Li raised his price target on shares of the Canadian telecom company to CA$75 from CA$72.

"QBR shares have pulled back approximately -7% since its earnings report," Li said in a note to clients. "With wireless momentum continuing in the East and 'Go West' imminent, we believe there is enough catalysts to drive shares higher to our target price."

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