Aurora Cannabis leads sector after stock is named Top Pick at Cowen

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Aurora Cannabis leads the sector after its stock is named Top Pick at Cowen:

Aurora stock ACB, +8.47% ACB, +8.13% rose 4.4%, after Cowen assigned it an outperform rating and C$14 price target , equal to 46% above its current trading level.

Cronos Group Inc. CRON, +3.77% shares edged down 0.5%, after Cowen initiated coverage of that stock with a market perform rating and C$29 price target, that is just above its current price of C$28.56.Also: How marijuana companies can profit without selling pot The cannabis workforce rose 21% in 2018 and 44% in 2018, according to their research and is expected to climb at least another 20% in 2019. Because of the continued federal ban on cannabis, the U.S. government does not officially count cannabis jobs, nor are they included in official statistics or economic reports.

See also: Washington moves closer to delivering protections for banks that work with the pot industry

 

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