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CGC

Canopy Growth

$20.30

0.21 (1.05%)

07:03
12/12/19
12/12
07:03
12/12/19
07:03

Canopy Growth announces launch of 'First & Free' product line

Canopy Growth announced the launch of First & Free - a hemp-derived CBD product line offered in a variety of formats, including softgels, oil drops and creams. The products will be available for purchase on the company's first e-commerce site: www.firstandfree.com.

CGC Canopy Growth
$20.30

0.21 (1.05%)

11/20/19
11/20/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Canopy Growth (CGC) upgraded to Buy from Neutral at BofA/Merrill with analyst Christopher Carey saying the stock has fallen 38% since his downgrade two months ago which pointed to the slowdown in orders and relatively high consensus estimates. 2. Schlumberger (SLB) double upgraded to Buy from Sell at Tudor Pickering. 3. Intelsat (I) upgraded to Outperform from Market Perform at Raymond James with analyst Richard Prentiss saying he believes the ~75% pullback over the past 10 days was first related to speculation, and then the confirmation on Monday morning, that the FCC would run a public vs. private auction for 280 MHz. 4. Paycom (PAYC) upgraded to Outperform from Sector Perform at RBC Capital with analyst Alex Zukin saying that after his travel with the company management, he is turning more confident in its ability to "realize price, improve retention, and drive a long runway of continued market disruption and penetration." 5. Tradeweb Markets (TW) upgraded to Buy from Neutral at Goldman Sachs with analyst Alexander Blostein saying the company's "solid" organic revenue growth and expanding operating margins should drive 15% earnings growth in 2020 and 2021. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/22/19
MKMP
11/22/19
NO CHANGE
MKMP
Canopy Growth, Aurora Cannabis profitability hard to achieve, MKM Partners says
MKM Partners analyst Bill Kirk remains cautious on Canadian Cannabis producers, saying that consensus expectations are still "high as a kite". The analyst notes that the sector has recently rebounded to "prior earnings level share prices", but believes that the assumption of "massive revenue growth with hardly any absolute cost growth" embedded in consensus is "very unlikely". Kirk cites fresh signs of cracks in the Canada market - namely that pricing is down, gaps to illicit aren't closing, and consumption per federal license is contracting - which suggests that the near-term path to profitability looks challenged. Kirk keeps his Neutral rating and CAD23 price target on Canopy Growth (CGC) and Sells rating with CAD3 price target on Aurora (ACB).
12/09/19
CANT
12/09/19
NO CHANGE
Target $18.9
CANT
Neutral
Cantor sees over 66% chance of Constellation bidding for Canopy Growth
Cantor Fitzgerald analyst Pablo Zuanic is surprised it has taken this long for Constellation Brands (STZ) to appoint a new CEO at Canopy Growth (CGC) following the exit of Bruce Linton. Pundits trying to read the tea leaves could make arguments both pro and con regarding whether the probability of a bid for the entire company by Constellation has increased or not, Zuanic tells investors in a research note. For his part, the analyst thinks the probability of Constellation trying to acquire Canopy has increased. However, he admits it is not an easy strategic decision for Constellation given its balance sheet, likely mid- to high-teens earnings dilution from a deal for the 65% of Canopy it does not own, and likely near-term hit to its own share price. Nonetheless, Zuanic assigns a more than two-thirds probability to Constellation putting in a bid for all of the Canopy Growth equity in the near term. On the argument of an improving outlook for the cannabis industry, Constellation could justify a deal, contends the analyst, who has a Neutral rating on Canopy Growth with a C$18.90 price target.
12/12/19
CANT
12/12/19
NO CHANGE
Target $27
CANT
Neutral
Canopy Growth price target raised to C$27 from C$18.90 at Cantor Fitzgerald
Cantor Fitzgerald analyst Pablo Zuanic raised his price target for Canopy Growth (CGC) to C$27 from C$18.90 and keeps a Neutral rating on the shares after meeting with management. The analyst assumes a C$31 potential takeover price and assigns a 65% probability to a deal happening. Constellation Brands (STZ) has confirmed it will contribute further cash to Canopy at some point via the outstanding warrants. However, it could take control of the company with less cash disbursement given the strike prices are up to three times above current levels, Zuanic tells investors in a research note.

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HD

Home Depot

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UCFC

United Community Financial

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FDEF

First Defiance Financial

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T

AT&T

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DIS

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STIM

Neuronetics

$4.38

-0.01 (-0.23%)

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TCMD

Tactile Systems

$60.76

-2.74 (-4.31%)

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EFSC

Enterprise Financial

$48.49

0.16 (0.33%)

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Enterprise Financial reports Q4 EPS $1.09, consensus $1.09 »

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TGP

Teekay LNG

$14.73

-0.26 (-1.73%)

16:33
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Teekay LNG Partners declares distribution of 19c per common unit »

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WES

Western Midstream

$20.60

-0.55 (-2.60%)

16:31
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  • 28

    Feb

CPG

Crescent Point Energy

$4.20

-0.08 (-1.87%)

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CHSCP

CHS Inc.

$28.85

0.13 (0.45%)

16:26
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CHS Inc. names Olivia Nelligan as Chief Financial Officer »

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GMAB

Genmab

$22.73

-0.13 (-0.57%)

, JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

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Genmab announces European Marketing Authorization for DARZALEX »

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Genmab

$22.73

-0.13 (-0.57%)

JNJ

Johnson & Johnson

$149.07

0.82 (0.55%)

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PRPO

Precipio

$2.09

-0.02 (-0.95%)

16:25
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Conference/Events
Precipio to host shareholder update conference call »

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  • 20

    Jan

TILE

Interface

$17.37

0.23 (1.34%)

16:22
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Interface names Dan Hendrix as President, CEO »

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IBCP

Independent Bank

$22.51

-0.26 (-1.14%)

16:19
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JAZZ

Jazz Pharmaceuticals

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-0.56 (-0.37%)

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  • 29

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AMRN

Amarin

$19.91

-0.15 (-0.75%)

16:13
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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

, SPX

S&P 500

$0.00

(0.00%)

16:09
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SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SPX

S&P 500

$0.00

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XOM

Exxon Mobil

$68.55

-0.26 (-0.38%)

, HES

Hess Corp.

$69.87

-0.45 (-0.64%)

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Guyana's first oil cargo to be refined by Exxon in the U.S., Reuters reports »

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XOM

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$68.55

-0.26 (-0.38%)

HES

Hess Corp.

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TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:04
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EADSY

Airbus

$0.00

(0.00%)

16:02
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AAPL

Apple

$318.66

3.33 (1.06%)

15:41
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Apple CEO says global corporate tax system must be overhauled, Reuters reports »

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  • 28

    Jan

GOOG

Alphabet

$1,480.28

28.34 (1.95%)

, GOOGL

Alphabet Class A

$1,479.12

29.29 (2.02%)

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Alphabet calls for 'proportionate approach' to AI regulation, Reuters reports »

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Alphabet

$1,480.28

28.34 (1.95%)

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Alphabet Class A

$1,479.12

29.29 (2.02%)

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  • 22

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GOOG

Alphabet

$1,480.28

28.34 (1.95%)

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$1,479.12

29.29 (2.02%)

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$1,479.12

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MSFT

Microsoft

$167.06

0.82 (0.49%)

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BA

Boeing

$324.11

-7.89 (-2.38%)

, AER

AerCap

$62.35

-0.18 (-0.29%)

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-7.89 (-2.38%)

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AerCap

$62.35

-0.18 (-0.29%)

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