PI Financial Downgrades Hexo Corp. (HEXO:CN) (HEXO) to Sell, Following Earnings

December 16, 2019 3:47 PM EST
Get Alerts HEXO Hot Sheet
Price: $0.24 +4.35%

Rating Summary:
    1 Buy, 3 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 12 | New: 20
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PI Financial analyst Devin Schilling downgraded Hexo Corp. (HEXO:CN) (NYSE: HEXO) from Neutral to Sell with a price target of $2.00 (from $3.00).

Analyst comments: "Our target represents an EV/Revenue multiple of 3.6x based on our FY21 estimates which is in-line with the peer group average."

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