News Formal

Analyst cuts Canopy Growth price target to $0

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Eight Capital analyst Ty Collin on Wednesday cut his price target for Canadian cannabis company Canopy Growth Corp. to $0 from C$1.75 ($1.32) a share and...

Eight Capital analyst Ty Collin on Wednesday cut his price target for Canadian cannabis company Canopy Growth Corp. CGC CA:WEED to $0 from C$1.75 a share and reiterated a sell rating on the stock. Canopy Growth stock fell about 22% to 46 cents a share on Wednesday. “We believe it is no longer appropriate to value Canopy as a going concern,” Collin said in a research note.

Eight Capital analyst Ty Collin on Wednesday cut his price target for Canadian cannabis company Canopy Growth Corp. CGC WEED to $0 from C$1.75 a share and reiterated a sell rating on the stock. Canopy Growth stock fell about 22% to 46 cents a share on Wednesday. “We believe it is no longer appropriate to value Canopy as a going concern,” Collin said in a research note.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australia and Indonesia have signed a 'win-win' EV battery deal, analyst saysThe two countries welcomed 'new commercial deals between Australian and Indonesian business across the health, mining and digital economy sectors.'
Source: CNBC - 🏆 12. / 72 Read more »