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Fly News Breaks for September 16, 2019
ACB
Sep 16, 2019 | 06:08 EDT
Stifel analyst W. Andrew Carter downgraded Aurora Cannabis to Sell from Hold with a price target of C$5.00, down from C$7.00. The analyst sees "meaningful downside" from current share levels following the company's "disappointing" Q4 earnings release. The quarter pointed to a "less robust" in-market performance and difficulty to continue positioning for the larger global opportunity, Carter tells investors in a research note. He believes this will manifest in a discounted valuation for Aurora relative to its global peers. Further, Aurora's financing efforts will be challenged against the backdrop of "overwhelmingly negative" investor sentiment towards the sector, "damaged credibility," and limited catalysts near-term to drive enthusiasm for the shares, says Carter.
News For ACB From the Last 2 Days
ACB
Mar 28, 2024 | 11:32 EDT
In this edition of "Rising High," The Fly conducted an exclusive interview with Sundie Seefried, founder and chief executive officer of Safe Harbor Financial (SHFS), a financial services provider to the regulated cannabis industry. Here are some... To see the rest of the story go to thefly.com. See Story Here