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Fly News Breaks for January 10, 2020
ACB
Jan 10, 2020 | 06:47 EDT
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.