Stifel upgrades Aurora Cannabis to hold from sell [MarketWatch]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: MarketWatch
ACB, ACB, to hold from sell and trimmed his price target to C$2.15 ($1.71) a share from C$2.50 a share after a $173 million financing deal that the cannabis company announced recently. Carter said the company's enhanced liquidity and reduced balance sheet risk have not been fully appreciated by investors. "We believe the shares have rerated to a level properly considering the near-term challenges in returning to year over year growth with modest cash needs," Carter said. "We believe Aurora has outlined a pragmatic approach that recognizes the limitations of the Canadian adult use market while adjusting its cost structure." Shares of Aurora Cannabis rose 1.3% in premarket trades. The stock is down 70% in 2022, compared to a drop of 72.8% by the Cannabis ETF THCX,
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ACB
News
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
- ACB, BRNS and EDUC among mid-day movers [Seeking Alpha]Seeking Alpha
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website