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Fly News Breaks for October 14, 2019
ACB
Oct 14, 2019 | 09:28 EDT
MKM Partners analyst Bill Kirk lowered his price target on Aurora Cannabis to CAD3.50 and kept his Sell rating ahead of its Q1 earnings later this month. The analyst notes that the "absolute industry pricing" has softened and the company's new store openings in Ontario and Quebec are trending below expectations. Kirk contends that the sequential net sales growth assumed in Aurora Cannabis Q3 expectations is "unlikely".
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