0834 ET - Rogers Communications' lower capex and higher cash generation guidance is a pleasant surprise, says TD Cowen's Vince Valentini, especially for an industry the analyst saw as under pressure. Capex guidance is down to the C$2.5 billion to C$2.7 billion range vs C$3.3 billion to C$3.5 billion, pushing up the free cash flow view to a range of C$4.1 billion to C$4.3 billion, up from C$3.3 billion to C$3.5 billion, the analyst says. "We thought low end of old guidance or maybe $3.2B, so this new guidance is a big surprise, and very nice to see," Valentini says. He expects the forecast to drive up the stock, which is off 13% year-to-date. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

April 22, 2026 08:34 ET (12:34 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.