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0.00402144772117962 0.0124128686327077 0.0183199285075961 0.0210008936550491 0.0125111706881143 0.0272564789991063 0.0442359249329758 0.0317247542448614
Stock impact report

Aurora Cannabis reiterated as underperform by Jefferies after earnings 'reinforce concerns on its underlying business' [MarketWatch]

Aurora Cannabis, Inc (ACB)  More Company Research Source: MarketWatch
PDF Jefferies analyst Owen Bennett reiterated his underperform rating on Aurora Cannabis Inc. stock on Wednesday, and said second-quarter earnings released last week "only reinforced our concerns on its underlying business." Canadian sales pressure "were more pronounced than we had assumed, with little improvement on the margin profile," Bennett wrote in a note to clients. "Second, given the near-term debt overhang and its high cash burn rate, we raise questions marks on whether Aurora's balance sheet is strong enough to support a potential US push." The analyst raised his stock price target to C$9.44 ($7.51) from C$4.59, to reflect U.S. developments. The cannabis sector has rallied in recent weeks amid high hopes for reforms of U.S.' strict cannabis laws, that continue to classify the plant as a Schedule I drug, alongside heroin. The new administration is deemed more cannabis-friendly than the last one, and already Senate Majority Leader Chuck Schumer has pledged to make cannabis legisla [Read more]
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