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Analyst: Canopy Growth Will Drop 38% to $27

Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
Investors might be high on marijuana stocks these days, but a notable analyst isn t exactly bullish on one of the top names in the sector.
On Friday, Piper Sandler s Michael Lavery cut his recommendation on industry bellwether
Canopy Growth (NASDAQ:CGC) from overweight to neutral. He is maintaining his price target of $27 per share, meaning that he believes the stock could fall by nearly 40% from its current level. ....

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With Democrats in Control, Investors Are High on Cannabis

With Democrats in Control, Investors Are High on Cannabis
newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.

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