Canopy Growth (CGC) Reports Q1 Loss of Cdn$0.30 on Net Revenues of Cdn$110.4M

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Go back to Canopy Growth (CGC) Reports Q1 Loss of Cdn$0.30 on Net Revenues of Cdn$110.4M

Canopy Growth (WEED:CN) (CGC) PT Raised to Cdn$30 at Cowen; 'Turnaround Evident'

August 10, 2020 2:01 PM EDT

Cowen analyst Vivien Azer raised the price target on Canopy Growth (WEED:CN) (NYSE: CGC) to Cdn$30.00 (from Cdn$27.00) while maintaining an Outperform rating following results.

The analyst commented, "Net revenue of C$110 mm was 20% ahead of our forecast, while an adjusted... More