UPDATE: Wells Fargo Starts Canopy Growth Corp (WEED:CN) (CGC) at Underweight

December 6, 2021 4:21 PM EST
Get Alerts CGC Hot Sheet
Price: $7.40 +1.51%

Rating Summary:
    2 Buy, 4 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 13 | New: 20
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(Updated - December 6, 2021 4:23 PM EST)

(Updated to correct currency, previously reported Cdn$8.00, add analyst comment)

Wells Fargo analyst Chris M. Carey initiates coverage on Canopy Growth Corp (WEED:CN) (NASDAQ: CGC) with a Underweight rating and a price target of US$8.00.

Analyst says: "despite much less "air" in the multiple vs the start of the year, we dont think weakness is a buying opportunity."

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