GREY:FLWPF - Post by User
Post by
HHAPPYon Oct 15, 2019 9:41am
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Post# 30231007
A little positive news for a change! Hopefully better price
A little positive news for a change! Hopefully better pricethen predicted.
The Globe and Mail reports in its Saturday, Oct. 12, edition that Jefferies analysts Ryan Tomkins and Owen Bennett made significant changes to target prices for Canadian marijuana producers on Friday, emphasizing price performance over the next 12 months will likely see a "strong divergence between those who can execute/move to profit and the rest." The Globe's David Leeder writes in the Eye On Equities column that the analysts said in a research note released Friday, "With a number of negative headlines impacting the sector the last six months, and still with little sign of profitability, the sector has seen greater risk/volatility priced in." Jefferies expects to see a number of smaller companies go bankrupt or face consolidation with larger names in the sector, as cash flow demand rises. The analysts raised Flowr ($2.05) to "buy" from "hold." Their share target for Flowr fell to $3.20 from $7.30. Analysts on average target the shares at $4.10."