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CTST

CannTrust

$3.84

-1.09 (-22.11%)

16:03
07/08/19
07/08
16:03
07/08/19
16:03

CannTrust downgraded to Neutral from Buy at Eight Capital

Eight Capital analyst Graeme Kreindler earlier today downgraded CannTrust Holdings to Neutral from Buy and lowered his price target for the shares to C$6 from C$11.

CTST CannTrust
$3.84

-1.09 (-22.11%)

07/08/19
BOFA
07/08/19
DOWNGRADE
Target $3.5
BOFA
Underperform
BofA double downgrades CannTrust to Underperform after Health Canada probe
BofA Merrill Lynch analyst Christopher Carey downgraded CannTrust two notches, to Underperform from Buy, and halved his price target on the shares $3.50 from $7 after the company announced that an audit from Health Canada found it had cultivated cannabis in rooms not yet licensed to do so and put a freeze on some of the company's inventory. Even following this morning's slide he expects the stock to remain weak due to uncertainty on the impact of the probe on CannTrust's financials as well as due to likely diminished investor confidence, said Carey. In morning trading in New York, CannTrust shares are down 92c, or 19%, to $4.02.
07/08/19
BOFA
07/08/19
DOWNGRADE
BOFA
Underperform
CannTrust downgraded to Underperform from Buy at BofA/Merrill
07/03/19
SBSH
07/03/19
NO CHANGE
Target $7
SBSH
Buy
Citi sees a 'lot of upside' in CannTrust shares, starts with Buy rating
Citi analyst Wendy Nicholson initiated coverage of CannTrust Holdings with a Buy rating and $7 price target. The stock closed yesterday down 15c to $4.97. CannTrust is one of the largest licensed producers of cannabis in Canada, and is well positioned to compete in the "rapidly-evolving" global cannabis market, Nicholson tells investors in a search note titled "Not a Lot of Visibility, but We See a Lot of Upside." Through its "state-of-the-art" cultivation and growing operations, CannTrust is focused on producing consistently high-quality and increasingly low-cost cannabis, explains the analyst. With its revenues "growing strongly," but path to profitability "less clear," Nicholson values the stock on a sales multiple. She expects CannTrust's sales to nearly triple in 2019 and nearly double again in 2020.
07/03/19
SBSH
07/03/19
INITIATION
Target $7
SBSH
Buy
CannTrust initiated with a Buy at Citi
Citi analyst Wendy Nicholson started CannTrust Holdings with a Buy rating and $7 price target. The analyst says that while the company's path to profitability is "less clear," its revenues are growing "strongly." As a result, she values CannTrust on a sales multiple and sees "lots of upside" in the shares.

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POST

Post Holdings

$108.09

0.64 (0.60%)

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VMW

VMware

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Exponent

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Microsoft

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Chewy

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Red Robin

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Gannett

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InflaRx

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Boeing

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Alcoa

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MGM

MGM Resorts

$28.75

-0.095 (-0.33%)

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MGM Growth

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MGM Resorts

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MGM Growth

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AAL

American Airlines

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United Continental

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American Airlines

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United Continental

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JetBlue

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FedEx

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Atlas Air

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NUE

Nucor

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NABZY

National Australia Bank

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BAC

Bank of America

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TAP

Molson Coors

$54.37

0.08 (0.15%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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BAS

Basic Energy

$1.81

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MSFT

Microsoft

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QTRH

Quarterhill

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MSFT

Microsoft

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RRGB

Red Robin

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T

AT&T

$33.09

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RRGB

Red Robin

$30.58

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

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