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Fly News Breaks for June 14, 2019
HEXO
Jun 14, 2019 | 08:47 EDT
CIBC analyst John Zamparo downgraded HEXO Corp to Neutral from Outperformer, stating that the company's FY20 revenue guidance of $400M depends on a smooth industry launch of derivative products, which he thinks is in doubt. He lowered his price target on HEXO shares to C$8.50 from C$9.50.
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