Canaccord Genuity Maintains Hold on HEXO, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Matt Bottomley maintains a Hold rating on HEXO (NASDAQ:HEXO) and lowers the price target from C$1.5 to C$1.
June 16, 2023 | 4:13 pm
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Canaccord Genuity maintains a Hold rating on HEXO and lowers the price target from C$1.5 to C$1.
The lowered price target by Canaccord Genuity indicates a less optimistic outlook for HEXO's stock price in the short term. This may lead to a negative impact on the stock price as investors adjust their expectations.
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