B of A Securities Maintains Underperform on Canopy Gwth, Raises Price Target to $0.66
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lisa Lewandowski maintains an Underperform rating on Canopy Gwth (NASDAQ:CGC) and raises the price target from C$0.56 to C$0.66.
September 15, 2023 | 3:25 pm
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NEUTRAL IMPACT
Canopy Gwth's price target has been raised by B of A Securities from C$0.56 to C$0.66, but the Underperform rating is maintained.
While the raised price target indicates a positive outlook on the company's value, the maintained Underperform rating suggests that the stock may not outperform the market in the short term. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100