Canaccord Genuity Maintains Hold on Aurora Cannabis, Lowers Price Target to $0.8
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Matt Bottomley maintains a Hold rating on Aurora Cannabis (NASDAQ:ACB) and lowers the price target from C$1.5 to C$0.8.
June 15, 2023 | 3:55 pm
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Canaccord Genuity maintains a Hold rating on Aurora Cannabis and lowers the price target from C$1.5 to C$0.8.
The lowered price target by Canaccord Genuity analyst Matt Bottomley indicates a bearish outlook on Aurora Cannabis. This news is likely to have a negative impact on the stock price in the short term as it suggests that the analyst believes the stock is overvalued at its current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100