Breaking News Instant updates and real-time market news.

CGC

Canopy Growth

$20.15

0.445 (2.26%)

06:57
11/05/19
11/05
06:57
11/05/19
06:57

Canopy Growth initiated with a Neutral at Cantor Fitzgerald

Cantor Fitzgerald analyst Pablo Zuanic initiated coverage of Canopy Growth with a Neutral rating and C$27 price target. s. Canopy has the lowest gross margin among the peer group and despite all its medical intellectual property, it "seems to have dropped the ball" in Canada medical, says the analyst.

  • 19

    Nov

CGC Canopy Growth
$20.15

0.445 (2.26%)

10/14/19
10/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Fastenal (FAST) downgraded to Market Perform from Strong Buy at Raymond James and to Equal Weight from Overweight at Stephens. 2. AMC Networks (AMCX) downgraded to Underperform from In Line at Evercore ISI with analyst David Joyce saying given his industry view of accelerating cord-cutting trends, the analyst views AMC's reward/risk tradeoff as unfavorable at current share levels. 3. Delta Air Lines (DAL) downgraded to Equal Weight from Overweight at Stephens with analyst Jack Atkins saying investors are "understandably frustrated" that despite a highly favorable operating environment this year, Delta is unable to more aggressively drive yields higher. 4. Toll Brothers (TOL) downgraded to Neutral from Positive at Susquehanna with analyst Jack Micenko saying the shares have outperformed the S&P and are now at the high end of their historical average forward P/E. 5. Canopy Growth (CGC) and Hexo (HEXO) downgraded to Neutral from Buy at Seaport Global. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/16/19
BOFA
10/16/19
NO CHANGE
BOFA
BofA lowers cannabis stock price targets on further sales estimate changes
Following yesterday's rally in cannabis stock's driven by Aphria's (APHA) earnings, BofA Merrill Lynch analyst Christopher Carey said he doesn't see a case for sustainable upside yet until consensus estimates are cut further, which he thinks will ensue with the calendar Q3 results from the group. The reason that industry sales could be flat to down quarter-over-quarter sector-wide is that the cannabis industry is going from a period of inventory build to one of inventory "de-load," said Carey. Given his sales estimate revisions, he has lowered his price target on Aurora Cannabis (ACB) shares to $5 from $6, cut his Canopy Growth (CGC) price target to $23 from $27, trimmed his Cronos Group (CRON) target to $13 from $16 and decreased his Hexo (HEXO) target to $2 from $2.50. Carey keeps a Buy rating on Cronos, has Neutral ratings on Aurora and Canopy and maintains an Underperform rating on Hexo.
10/22/19
PIPR
10/22/19
NO CHANGE
Target $12
PIPR
Overweight
Piper cuts targets in Cannabis, says Canopy and Cronos best positioned
Piper Jaffray analyst Michael Lavery revisited the four Canadian licensed producers under his coverage, namely Aurora Cannabis (ACB), Canopy Growth (CGC), Cronos Group (CRON) and Tilray (TLRY). The analyst continues to believe Canopy and Cronos look best positioned. Both companies have strong cash positions to facilitate growth and have good visibility on key strategic priorities, Lavery tells investors in a research note. The analyst cut his estimates for Tilray, but he keeps an Overweight rating on the shares as he still sees growth potential in both Europe and the U.S. Lavery believes Aurora lacks visibility on key strategic growth priorities and he keeps a Neutral rating on the shares. The analyst lowered his price target for Aurora to $4 from $7, for Canopy to $36 from $40, for Cronos to $12 from $18, and for Tilray to $31 from $72.
10/31/19
LTCO
10/31/19
NO CHANGE
Target $29
LTCO
Buy
Cannabis sector investor sentiment is now 'very low,' says Ladenburg
After a long period of negative news flow and stock performance, sentiment in the cannabis sector is "very low," Ladenburg Thalmann analyst Glenn Mattson tells investors in a research note. After participating in a number of cannabis conferences, the analyst believes the biggest contributor to the negative backdrop has been the flat lining of growth in Canada. This is mainly a result of a poor retail footprint, only 25 stores in the nation's largest province, Ontario for instance, versus more than 300 in Alberta, according to Mattson. Adding to this negative backdrop are expectations that acquisitions done at much higher levels will lead to goodwill write-downs, adds the analyst. However, he points out that goodwill write-downs are not always viewed as a negative from a stock performance perspective. While the news flow continues to be negative, a resumption of better growth as reported by the Canadian government "holds some promise while we await Cannabis 2.0," says the analyst. 2.0 refers to the second wave of cannabis derivative products, such as edibles and beverages, that will begin to be available in Canada in December. Mattson lowered his price target for Canopy Growth (CGC) to $29 from $42, for Acreage Holdings (ACRGF) to $16 from $18, and for Aurora Cannabis (ACB) to $6 from $9. He keeps Buy ratings on all three stocks, however.

TODAY'S FREE FLY STORIES

XLNX

Xilinx

$90.26

0.095 (0.11%)

, ADI

Analog Devices

$113.87

-0.03 (-0.03%)

14:13
12/05/19
12/05
14:13
12/05/19
14:13
Hot Stocks
Xilinx says will 'vigorously defend' self against Analog Devices patent suit »

Xilinx, Inc. (XLNX)…

XLNX

Xilinx

$90.26

0.095 (0.11%)

ADI

Analog Devices

$113.87

-0.03 (-0.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Jan

  • 28

    Jan

PYPL

PayPal

$104.52

-0.46 (-0.44%)

14:07
12/05/19
12/05
14:07
12/05/19
14:07
Periodicals
Breaking Periodicals news story on PayPal »

Hedgeye names PayPal a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Dec

  • 11

    Dec

ALXN

Alexion

$107.06

-8.43 (-7.30%)

, REGN

Regeneron

$369.33

-0.67 (-0.18%)

14:03
12/05/19
12/05
14:03
12/05/19
14:03
Recommendations
Alexion, Regeneron analyst commentary  »

Piper Jaffray a buyer of…

ALXN

Alexion

$107.06

-8.43 (-7.30%)

REGN

Regeneron

$369.33

-0.67 (-0.18%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 07

    Dec

  • 16

    Dec

CCEP

Coca-Cola European Partners

$50.07

-0.75 (-1.48%)

13:57
12/05/19
12/05
13:57
12/05/19
13:57
Periodicals
Einride to launch electric pod pilot with Coca-Cola European Partners, TC says »

Darrell Etherington of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GOOG

Alphabet

$1,320.51

-0.95 (-0.07%)

13:37
12/05/19
12/05
13:37
12/05/19
13:37
Periodicals
Spain moving forward with 'Google tax' despite U.S. disappointment, El Pais says »

Spain is moving forward…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Dec

WEC

WEC Energy

$89.00

-0.07 (-0.08%)

13:32
12/05/19
12/05
13:32
12/05/19
13:32
Earnings
Breaking Earnings news story on WEC Energy »

WEC Energy sees FY20 EPS…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WEC

WEC Energy

$88.97

-0.1 (-0.11%)

13:31
12/05/19
12/05
13:31
12/05/19
13:31
Hot Stocks
WEC Energy plans to raise quarterly dividend to 63.25c per share »

The board of directors of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

TECK

Teck Resources

$15.77

-0.05 (-0.32%)

13:31
12/05/19
12/05
13:31
12/05/19
13:31
Hot Stocks
Teck announces new collective agreement at Carmen de Andacollo operations »

Teck Resourcesannounced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 21

    Feb

BIIB

Biogen

$298.44

9.09 (3.14%)

13:28
12/05/19
12/05
13:28
12/05/19
13:28
Recommendations
Biogen analyst commentary  »

Biogen doctor panel…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 05

    Dec

  • 05

    Dec

AAPL

Apple

$264.33

2.55 (0.97%)

13:28
12/05/19
12/05
13:28
12/05/19
13:28
Periodicals
Noted Apple analyst Kuo sees 2021 iPhone without lightning port, 9To5 Mac says »

Apple analyst Ming-Chi…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:25
12/05/19
12/05
13:25
12/05/19
13:25
General news
Treasury Action: the markets have gone into a holding pattern »

Treasury Action: the…

13:25
12/05/19
12/05
13:25
12/05/19
13:25
Conference/Events
BTIG healthcare/biotech analysts to hold an analyst/industry conference call »

Analysts discuss the…

13:25
12/05/19
12/05
13:25
12/05/19
13:25
Conference/Events
Wolfe Research tech strategist to hold analyst/industry webcast »

Tech Strategist…

13:25
12/05/19
12/05
13:25
12/05/19
13:25
Conference/Events
House Financial Services Committee to hold a hearing »

The Subcommittee on…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
12/05/19
12/05
13:17
12/05/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BA

Boeing

$346.35

-2.54 (-0.73%)

13:17
12/05/19
12/05
13:17
12/05/19
13:17
Periodicals
Boeing to SEC: Doesn't see 737 MAX cancellations impacting revenue, Reuters says »

In a letter to the SEC…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
12/05/19
12/05
13:16
12/05/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SPY

SPDR S&P 500 ETF Trust

$311.24

-0.23 (-0.07%)

, SPX

S&P 500

$0.00

(0.00%)

13:12
12/05/19
12/05
13:12
12/05/19
13:12
General news
Mnuchin says U.S and China trade talks 'on track' after Thursday call »

U.S. Treasury Secretary…

SPY

SPDR S&P 500 ETF Trust

$311.24

-0.23 (-0.07%)

SPX

S&P 500

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

PRSC

Providence Service

$57.58

-0.39 (-0.67%)

13:06
12/05/19
12/05
13:06
12/05/19
13:06
Hot Stocks
LogistiCare to provide NEMT brokerage services to certain CCO members »

PacificSource Community…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BIIB

Biogen

$298.02

8.67 (3.00%)

13:06
12/05/19
12/05
13:06
12/05/19
13:06
Recommendations
Biogen analyst commentary  »

Stifel still sees lower…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 05

    Dec

  • 05

    Dec

SAGE

Sage Therapeutics

$62.50

-86.72 (-58.12%)

12:55
12/05/19
12/05
12:55
12/05/19
12:55
Downgrade
Sage Therapeutics rating change  »

Sage Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

STZ

Constellation Brands

$181.49

-2.79 (-1.51%)

12:55
12/05/19
12/05
12:55
12/05/19
12:55
Options
Constellation Brands put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 08

    Jan

12:55
12/05/19
12/05
12:55
12/05/19
12:55
General news
Atlanta Fed's Q4 GDP Nowcast now projects a 1.48% growth rate »

Atlanta Fed's Q4 GDP…

BIG

Big Lots

$18.89

-1.03 (-5.17%)

, GCO

Genesco

$37.08

0.52 (1.42%)

12:51
12/05/19
12/05
12:51
12/05/19
12:51
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

BIG

Big Lots

$18.89

-1.03 (-5.17%)

GCO

Genesco

$37.08

0.52 (1.42%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 06

    Dec

  • 06

    Dec

CLDR

Cloudera

$9.86

(0.00%)

, OKTA

Okta

$120.39

-1.43 (-1.17%)

12:51
12/05/19
12/05
12:51
12/05/19
12:51
Earnings
Notable companies reporting after market close »

Notable companies…

CLDR

Cloudera

$9.86

(0.00%)

OKTA

Okta

$120.39

-1.43 (-1.17%)

ULTA

Ulta Beauty

$237.92

-1.44 (-0.60%)

DOCU

DocuSign

$69.41

-0.565 (-0.81%)

ZM

Zoom Video

$70.00

0.05 (0.07%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 05

    Dec

  • 05

    Dec

  • 05

    Dec

  • 05

    Dec

  • 05

    Dec

  • 09

    Dec

  • 09

    Dec

  • 16

    Dec

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.