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Fly News Breaks for June 25, 2019
HEXO
Jun 25, 2019 | 07:20 EDT
Oppenheimer analyst Rupesh Parikh downgraded HEXO Corp to Perform from Outperform as he now sees a more balanced outlook for the shares primarily driven by greater gross margin pressures than he initially envisioned, which is impacted by the potential for pricing pressures going forward and delays on the advanced products front. With his updated forecasts and incorporating Newstrike, the analyst now views shares as more fairly valued.
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