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Fly News Breaks for June 5, 2019
ACB
Jun 5, 2019 | 16:32 EDT
Stifel analyst W. Andrew Carter initiated coverage of Aurora Cannabis with a Hold rating and C$10 price target. The analyst cautious on the shares given his "more bearish outlook" for the development of the global medical-use opportunities outside of Germany and Canada. He believes these are required to support Aurora's consensus revenue estimates. Further, the lack of "meaningful avenues for attacking" the U.S., and the risk around meaningful sector underperformance, could challenge Aurora's funding needs to continue to build out its infrastructure and positioning in the global market, Carter tells investors in a research note.
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