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Fly News Breaks for January 17, 2020
HEXO
Jan 17, 2020 | 15:00 EDT
Roth Capital analyst Scott Fortune maintained a Neutral rating on Hexo (HEXO) and lowered his price target on shares to $1.75 from $2.25, following the company's announcement it would raise 11.98M shares at a price of $1.67 per share. The analyst cited "anticipated continuation of Canadian retail weakness" as the reason for the price target reduction.
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