As we approach Canopy Growth (WEED, CGC) and Aurora cannabis (ACB) earning, which will be released on Thursday, November 14th, MKM Partners’ analyst Bill Kirk has revised down its price target for one of the 2 companies.
Mr. Kirk anticipates that the companies’ revenues should not increase substantially, which could lead investors to reconsider the pace towards the profitability of the industry.
Analyst maintains “neutral” rating on Canopy but lowers target price from $33 to $30 CAD
As for Aurora, the analyst maintains its “sell” rating and target price of $3.50 CAD
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