Information Provided By:
Fly News Breaks for February 7, 2020
Feb 7, 2020 | 07:04 EDT
Cantor Fitzgerald analyst Pablo Zuanic lowered his price target for Aurora Cannabis to C$3.75 from C$5.00 while keeping an Overweight rating on the shares. The company's restructuring announcements are welcomed, but its sales trends for the December and March quarters are disappointing, Zuanic tells investors in a research note. The analyst's rating reflects valuation and Aurora's "optionality" from naming a new CEO, and possible merger.