OTCQB:VVCIF - Post by User
Post by
jfogarty12on Jan 28, 2020 9:17pm
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The leader ...
The leader ...Canopy Growth shares rise above $30 mark after analyst upgrades rating, target price Shares of Canopy Growth rose more than 10 per cent on the Toronto Stock Exchange on Tuesday following an analyst upgrade from a leading cannabis analyst. BMO Capital Markets analyst Tamy Chen upgraded her rating on Canopy to a “Buy” from “Hold”, while raising the target price to $40 a share from $25, citing an improved sales outlook primarily from the pot giant’s value brands. She noted that Canopy has likely gained some market share in the Canadian recreational market from its “Twd” value brand while expecting its other products should sell well over the coming year.