MKM Partners analyst adjusted targets for Canopy (WEED) and Aurora (ACB)

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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.

Canopy Growth

Analyst maintains “neutral” rating on Canopy but lowers target price from $33 to $30 CAD

Aurora Cannabis

As for Aurora, the analyst maintains its “sell” rating and target price of $3.50 CAD

This article is written and published by The Cannabis Stock

Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best publication on the market. The Cannabis Stock does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result.Separator

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