Aurora Cannabis stock slides premarket as Piper initiates coverage with neutral rating [MarketWatch]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: MarketWatch
Aurora Cannabis stock slides premarket as Piper initiates coverage with neutral rating Piper Jaffray initiated coverage of a range of cannabis stocks on Tuesday, assigning overweight ratings, the equivalent of buy, to Cresco Labs Inc. CRLBF, -0.47% , Charlotte's Web Holdings Inc. CWBHF, +2.57% , CV Sciences Inc. CVSI, -1.28% , Cronos Group Inc. CRON, -1.13% CRON, +2.11% and Green Thumb Industries Inc. GTBIF, -3.49% , but rating Aurora Cannabis Inc. ACB, +0.80% ACB, +1.05% as neutral. "Aurora has a premium valuation relative to peers but less visibility on these key growth opportunities," said analysts led by Michael Lavery, referring to Canada, the EU, the U.S. CBD and U.S. THC markets. "It has leading scale in Canada, but oversupply looks likely in 2020 (analysis inside note). EU-GMP certification at scale is a slow, opaque process and still pending, and without visibility on US market entry (CBD or THC), Aurora's relatively rich valuation does not yet look
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ACB
News
- Aurora Cannabis Inc. stock rises Tuesday, outperforms market [MarketWatch]MarketWatch
- Aurora Cannabis Inc. (NYSE: ACB) had its price target lowered by analysts at Stifel Nicolaus from C$1.75 to C$1.45.MarketBeat
- Aurora Cannabis Inc. stock falls Thursday, underperforms market [MarketWatch]MarketWatch
- Aurora Cannabis to Host Second Quarter Fiscal Year 2023 Investor Conference CallPR Newswire
- Aurora Cannabis Inc. stock falls Wednesday, underperforms market [MarketWatch]MarketWatch
ACB
Sec Filings
- 1/26/23 - Form 6-K
- 1/4/23 - Form 6-K
- 12/5/22 - Form 6-K
- ACB's page on the SEC website