Piper Sandler Maintains Underweight on Canopy Gwth, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Michael Lavery maintains an Underweight rating on Canopy Growth (CGC) and lowers the price target from $5 to $3.
February 12, 2024 | 3:31 pm
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Piper Sandler analyst Michael Lavery maintains an Underweight rating on Canopy Growth and lowers the price target from $5 to $3.
The reduction in price target by a significant analyst like Michael Lavery suggests a bearish outlook on Canopy Growth's stock. This could lead to a negative short-term impact on the stock price as market participants adjust their expectations based on this new analyst rating and price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100