Fly News Breaks for November 8, 2019
Nov 8, 2019 | 08:59 EDT
Canaccord analyst Bobby Burleson lowered his price target on KushCo Holdings to $3.50 from $7.50 following its better than expected Q4 results. The analyst noted its solid execution but also the concerns surrounding vaping which management said will cause a sharp decline in Q1 sales. He also is skeptical that Q2 will see a recovery which will constrain the degree of valuation expansion. Burleson maintained his Speculative Buy rating on KushCo shares.
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