CIBC Maintains Underperformer on Canopy Gwth, Lowers Price Target to $0.5
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst John Zamparo maintains an Underperformer rating on Canopy Growth (NASDAQ:CGC) and lowers the price target from C$1.75 to C$0.5.
June 12, 2023 | 5:18 pm
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CIBC analyst John Zamparo maintains an Underperformer rating on Canopy Growth (NASDAQ:CGC) and lowers the price target from C$1.75 to C$0.5.
The lowered price target from C$1.75 to C$0.5 by CIBC analyst John Zamparo indicates a bearish outlook on Canopy Growth (NASDAQ:CGC). The maintained Underperformer rating suggests that the stock is expected to underperform the market in the short term, which could lead to a decrease in its stock price.
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IMPORTANCE 80
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