BofA lowered the firm’s price target on Canopy Growth (CGC) to C$2 from C$5 and keeps an Underperform rating on the shares following what the analyst calls the “mixed 3Q results and outlook.” Adult use remains challenging and operational costs still need to fall further to achieve positive consolidated EBITDA, the analyst tells investors in a post-earnings note.
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- Canopy Growth price target lowered to C$4 from C$7 at Alliance Global Partners
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