Today, Bank of America Merrill Lynch lowers their recommendation on Canopy Growth Corp. following an anticipated drop in sales.
Bank of America Merrill Lynch gives the note “NEUTRAL” instead of the previous “BUY”. The target price also increases from US $ 46 to US $ 27.
Another factor other than sales is the confusion over vaping and the risks associated with it. The market could react negatively and affect stock prices.
We must not forget that the cannabis market is at the beginning of its existence and that the global potential is enormous
To be updated on the Canopy price target follow our NEWSLETTERS for free below
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.