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ACB

Aurora Cannabis

$1.65

-0.21 (-11.29%)

07:19
01/13/20
01/13
07:19
01/13/20
07:19

Aurora Cannabis selloff a buying opportunity, says Cantor Fitzgerald

Cantor Fitzgerald analyst Pablo Zuanic would use the recent weakness in shares as a buying opportunity. Poor liquidity makes the stock sensitive to downgrades and "misplaced market chatter," Zuanic tells investors in a research note. The departure of Cam Battley was good news, a planned asset sale is being done pretty much at book value, and debt covenants imply positive EBITDA by mid-year, contends the analyst, who has "increased conviction" on the shares after speaking to management. Battley was let go, he did not resign as the market seems to have speculated, says Zuanic. The analyst senses a greater focus and a greater urgency regarding costs and cash flow at Aurora Cannabis and keeps an Overweight rating on the shares with a C$5 price target.

ACB Aurora Cannabis
$1.65

-0.21 (-11.29%)

12/23/19
JEFF
12/23/19
DOWNGRADE
Target $3
JEFF
Hold
Jefferies downgrades Aurora Cannabis to Hold after Cam Battley exit
Jefferies analyst Owen Bennett downgraded Aurora Cannabis to Hold from Buy with a price target of C$3, down from C$7. The stock in afternoon trading is down 8% to $2.06. Last night's news is likely to be seen as Cam Battley "jumping ship from a company that has struggled to support credibility on the back of a number of recent actions," Bennett tells investors in a research note. The analyst sees credibility as well as funding issues for Aurora Cannabis.
01/02/20
CANT
01/02/20
NO CHANGE
Target $5
CANT
Overweight
Cantor says time for Peltz to call on Aurora to show financial discipline
Cantor Fitzgerald analyst Pablo Zuanic said he thinks it is time for Nelson Peltz, who is being paid as a consultant at Aurora Cannabis (ACB), to call for the same type of greater financial discipline at the company that the shareholder activist previously advocated for at companies like Heinz (KHC), PepsiCo (PEP) and Mondelez (MDLZ). Zuanic, who thinks Aurora's below-peer valuation reflects no optionality from the entry of a consumer packaged goods investor or from the increased financial discipline a new CEO could bring, keeps an Overweight rating on the shares, though he lowered his price target to C$5.00 from C$5.85.
01/09/20
PIPR
01/09/20
DOWNGRADE
Target $1
PIPR
Underweight
Aurora Cannabis downgraded to Underweight from Neutral at Piper Sandler
Piper Sandler analyst Michael Lavery downgraded Aurora Cannabis to Underweight from Neutral with a price target of $1, down from $3. The shares closed Thursday up 12c to $1.86. The company's cash flow and balance sheet outlooks pose risks, Lavery tells investors in a research note. Aurora's balance sheet is a risk as its cash from operations is unlikely to turn positive until fiscal Q3 of 2021, Lavery tells investors in a research note. The analyst expects the company will have to refinance $360M of debt due in August 2021, which he feels could be challenging in this environment.
01/10/20
BOFA
01/10/20
DOWNGRADE
Target $1
BOFA
Underperform
Aurora Cannabis downgraded to Underperform from Neutral at BofA
BofA analyst Christopher Carey downgraded Aurora Cannabis to Underperform from Neutral with a $1.00 price target. While shares have underperformed since his last downgrade, with balance sheet risks to remain a core investment thesis in 2020 and lingering uncertainty especially on financial covenants, Carey says he struggles to envision a scenario where shares have sustainable support.

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CEL

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VRCA

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LIZI

Lizhi

$11.72

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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

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AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

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DVA

DaVita

$79.45

0.43 (0.54%)

15:32
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  • 23

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TSM

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KKR

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SPOT

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CE

Celanese

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BYND

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DBD

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IEF

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UBSFY

Ubisoft

$0.00

(0.00%)

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IMVT

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-0.01 (-0.06%)

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