Roth MKM Reiterates Buy on Canopy Gwth, Lowers Price Target to C$20
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Bill Kirk has reiterated a Buy rating on Canopy Growth (TSX:WEED) but has lowered the price target from C$25 to C$20.
May 31, 2024 | 3:06 pm
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Roth MKM analyst Bill Kirk has reiterated a Buy rating on Canopy Growth (TSX:WEED) but has lowered the price target from C$25 to C$20.
The reiteration of a Buy rating is positive, but the lowered price target may indicate some concerns about future performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100