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