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CGC

Canopy Growth

$47.62

4.79 (11.18%)

09:47
04/18/19
04/18
09:47
04/18/19
09:47

Canopy Growth rises 11.1%

Canopy Growth is up 11.1%, or $4.76 to $47.61.

CGC Canopy Growth
$47.62

4.79 (11.18%)

04/12/19
PIPR
04/12/19
NO CHANGE
Target $60
PIPR
Overweight
Canopy Growth Q4 revenue estimate lowered at Piper Jaffray
Piper Jaffray analyst Michael Lavery trimmed his Q4 revenue estimates for Canopy Growth to reflect a more conservative build, based on early quarter Health Canada data. Based on April channel checks, product supply to retailers has recently improved, and stores are now maintaining some product inventory, Lavery tells investors in a research note However, Health Canada January industry data show industry momentum ramping up a bit more slowly than expected, adds the analyst. As such, Lavery lowered his Q4 revenue estimate for Canopy Growth to C$96.8M from C$117.6M. Capacity, scale and execution will continue to matter for the next 12-24 months, as growing supply catches up with strong demand in both Europe and Canada, says the analyst. He considers Canopy well positioned relative to its peers on these measures. Lavery keeps an Overweight rating on Canopy Growth shares with a $60 price target.
04/17/19
BOFA
04/17/19
INITIATION
Target $70
BOFA
Buy
Canopy Growth initiated with a Buy at BofA/Merrill
BofA/Merrill analyst Christopher Carey initiated Canopy Growth (CGC) with a Buy and $70 price target saying it is positioned to be a long-term leader in the global cannabis sector. Carey said Canopy has scale with 6M square feet of cultivation capacity, capital following the Constellation (STZ) $4B investment, and vision as it lays groundwork to excel in areas higher on the value chain.
04/17/19
04/17/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Organogenesis (ORGO) initiated with an Outperform at Oppenheimer. 2. Teladoc (TDOC) initiated with an Overweight at Stephens. 3. Solar Capital (SLRC) initiated with an Outperform at Raymond James. 4. Principia Biopharma (PRNB) initiated with a Buy at Stifel. 5. Aurora Cannabis (ACB), HEXO Corp (HEXO), Canopy Growth (CGC), and Performance Food Group (PFGC) initiated with a Buy at BofA/Merrill while Cronos Group (CRON) was initiated with an Underperform at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/18/19
JEFF
04/18/19
NO CHANGE
JEFF
Hold
Canopy acquisition of Acreage would be 'big positive,' says Jefferies
Canopy Growth, according to reports last night, is set to acquire the rights to acquire one of the largest U.S. multi-state operators, Acreage Holdings, Jefferies analyst Owen Bennett tells investors in a research note. While details of the locked in purchase price are still not known, with Canopy sitting on C$4B of cash and the U.S. being the world's biggest market, this move is a "big positive," says Bennett. If Canopy were to wait to acquire a U.S operator post its listing requirements permitting, the price paid would be "way ahead of whatever has been agreed right now," he points out. Bennett has a Hold rating on Canopy Growth with a C$64 price target. The stock in premarket trading is up 7%, or $2.91, to $45.76.

TODAY'S FREE FLY STORIES

YPF

YPF

$10.18

0.52 (5.38%)

08:15
12/10/19
12/10
08:15
12/10/19
08:15
Downgrade
YPF rating change  »

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08:15
12/10/19
12/10
08:15
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08:15
General news
U.S. chain store sales bounced 3.2% in the week ended December 7 »

U.S. chain store sales…

08:15
12/10/19
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08:15
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08:15
General news
Productivity and Costs Unit labor costs to be reported at 08:30 »

Productivity and Costs…

08:15
12/10/19
12/10
08:15
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08:15
General news
Productivity and Costs Nonfarm productivity to be reported at 08:30 »

Productivity and Costs…

PGTI

PGT Innovations

$14.09

0.125 (0.90%)

08:13
12/10/19
12/10
08:13
12/10/19
08:13
Hot Stocks
PGT Innovations to acquire NewSouth Window Solutions for $92M in cash »

PGT Innovations announced…

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STML

Stemline

$9.91

-0.42 (-4.07%)

08:11
12/10/19
12/10
08:11
12/10/19
08:11
Hot Stocks
Stemline presents Elzonris data at ASH meeting »

Stemline presented data…

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BPMC

Blueprint Medicines

$70.49

-8.01 (-10.20%)

08:10
12/10/19
12/10
08:10
12/10/19
08:10
Recommendations
Blueprint Medicines analyst commentary  »

Blueprint Medicines price…

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08:10
12/10/19
12/10
08:10
12/10/19
08:10
General news
Treasury Market Outlook: Treasury yields have dipped slightly lower »

Treasury Market Outlook:…

08:10
12/10/19
12/10
08:10
12/10/19
08:10
General news
FX Action: USD-CAD »

FX Action: USD-CAD peaked…

SFIX

Stitch Fix

$25.17

1.04 (4.31%)

08:09
12/10/19
12/10
08:09
12/10/19
08:09
Recommendations
Stitch Fix analyst commentary  »

Stitch Fix price target…

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  • 11

    Dec

  • 12

    Dec

  • 19

    Dec

DPLO

Diplomat Pharmacy

$3.91

-1.91 (-32.82%)

, UNH

UnitedHealth

$277.56

-2.62 (-0.94%)

08:08
12/10/19
12/10
08:08
12/10/19
08:08
Recommendations
Diplomat Pharmacy, UnitedHealth analyst commentary  »

Deutsche Bank does not…

DPLO

Diplomat Pharmacy

$3.91

-1.91 (-32.82%)

UNH

UnitedHealth

$277.56

-2.62 (-0.94%)

03/08/13
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NXPI

NXP Semiconductors

$117.75

-0.97 (-0.82%)

, MRVL

Marvell

$23.51

-0.67 (-2.77%)

08:08
12/10/19
12/10
08:08
12/10/19
08:08
Recommendations
NXP Semiconductors, Marvell analyst commentary  »

BofA raises NXP…

NXPI

NXP Semiconductors

$117.75

-0.97 (-0.82%)

MRVL

Marvell

$23.51

-0.67 (-2.77%)

03/08/13
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  • 10

    Dec

  • 11

    Dec

  • 12

    Dec

  • 06

    Jan

EMAN

eMagin

$0.30

-0.0031 (-1.02%)

08:07
12/10/19
12/10
08:07
12/10/19
08:07
Hot Stocks
eMagin announces 'significant' order for military program »

eMagin announced an order…

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CNC

Centene

$59.16

-1.83 (-3.00%)

08:06
12/10/19
12/10
08:06
12/10/19
08:06
Conference/Events
Centene to host investor day »

Investor day to be held…

03/08/13
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  • 13

    Dec

LIVX

LiveXLive Media

$2.60

0.28 (12.07%)

08:06
12/10/19
12/10
08:06
12/10/19
08:06
Hot Stocks
LiveXLive Media appoints Garrett English as Chief Creative Officer »

LiveXLive Media announced…

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IR

Ingersoll-Rand

$131.33

-0.36 (-0.27%)

08:05
12/10/19
12/10
08:05
12/10/19
08:05
Hot Stocks
Ingersoll-Rand announces CFO succession plan »

Ingersoll-Rand announced…

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RKDA

Arcadia Biosciences

$5.34

0.05 (0.95%)

08:05
12/10/19
12/10
08:05
12/10/19
08:05
Hot Stocks
Arcadia Biosciences announces launch of 'GoodHemp' product line »

Arcadia Biosciences…

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WDAY

Workday

$163.69

-2.62 (-1.58%)

08:05
12/10/19
12/10
08:05
12/10/19
08:05
Initiation
Workday initiated  »

Workday assumed with an…

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IEA

Infrastructure and Energy Alternatives

$3.71

0.015 (0.41%)

08:04
12/10/19
12/10
08:04
12/10/19
08:04
Hot Stocks
Infrastructure and Energy Alternatives announces over $115M in project awards »

Infrastructure and Energy…

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AGE

A.G. Edwards

$1.56

0.295 (23.32%)

, LCTX

Lineage Cell Therapeutics

$0.75

-0.0538 (-6.74%)

08:04
12/10/19
12/10
08:04
12/10/19
08:04
Hot Stocks
A.G. Edwards, Lineage Cell Therapeutics issued U.S. patent »

AgeX Therapeutics (AGE)…

AGE

A.G. Edwards

$1.56

0.295 (23.32%)

LCTX

Lineage Cell Therapeutics

$0.75

-0.0538 (-6.74%)

03/08/13
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  • 30

    Dec

AGCO

Agco

$75.99

-0.58 (-0.76%)

08:04
12/10/19
12/10
08:04
12/10/19
08:04
Conference/Events
Agco to host analyst meeting »

Analyst meeting to be…

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  • 13

    Dec

BLDP

Ballard Power

$6.31

-0.24 (-3.66%)

08:03
12/10/19
12/10
08:03
12/10/19
08:03
Hot Stocks
Ballard Power signs agreement with Hydrogene de France »

Ballard Power Systems…

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IPHI

Inphi

$69.15

-1.035 (-1.47%)

08:02
12/10/19
12/10
08:02
12/10/19
08:02
Recommendations
Inphi analyst commentary  »

Inphi should be bought at…

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CNSP

CNS Pharmaceuticals

$3.97

-0.01 (-0.25%)

08:02
12/10/19
12/10
08:02
12/10/19
08:02
Hot Stocks
CNS Pharmaceuticals receives positive FDA Pre-ING guidance for Berubicin »

CNS Pharmaceuticals…

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FOCS

Focus Financial Partners

$26.84

-0.35 (-1.29%)

08:02
12/10/19
12/10
08:02
12/10/19
08:02
Initiation
Focus Financial Partners initiated  »

Jefferies starts Focus…

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