Fly News Breaks for September 10, 2019
Sep 10, 2019 | 05:43 EDT
BMO Capital analyst Tamy Chen last night upgraded Sundial Growers to Outperform from Market Perform with an unchanged price target of $12. The current valuation implies 2020 revenues of C$220M, says the analyst, which is well below her forecast of C$490M. While there remains execution uncertainty in the industry, Sundial shares are now reflecting an overly cautious revenue outlook in the context of the company's results to date, Chen tells investors in a research note. As a result, the analyst believes the current stock price "could offer a stronger return relative to some of its peers."
News For SNDL From the Last 2 Days
May 13, 2021 | 07:49 EDT
Canaccord Genuity analyst Shaan Mir upgraded Sundial Growers to Hold from Sell with a price target of 70c, up from 65c, post the Q1 results. Sundial's cash balance presents an opportunity to deploy capital into accretive investment opportunities and generate returns, Mir tells investors in a research note. The analyst adds that given the recent pullback in the share price, Sundial is currently trading near his implied valuation.
May 13, 2021 | 06:33 EDT
Canaccord analyst Shaan Mir upgraded Sundial Growers to Hold from Sell.