Information Provided By: 
Fly News Breaks for October 11, 2019
HEXO
Oct 11, 2019 | 07:34 EDT
Oppenheimer analyst Rupesh Parikh tells investors to remain on the sidelines with respect to shares of Hexo after the company preannounced Q4 results meaningfully below expectations and withdrew its fiscal 2020 guidance for revenue of $400M. The analyst, who "very much expected" revenue shortfalls given recent adverse industry developments, says commentary on weak sell-through is an incremental risk that he did not envision "this early in the ramp." Parikh keeps a Perform rating on Hexo shares with a $2.75 price target.
News For HEXO From the Last 2 Days
There are no results for your query HEXO
