Apr 17, 2019
The cannabis sector received one of its biggest votes of confidence yet from Wall Street on Wednesday when a top firm initiated coverage on four cannabis stocks.
The Analyst
Bank of America analyst Christopher Carey initiated coverage of the following stocks:
- Aurora Cannabis, Inc. (NYSE: ACB), Buy rating, C$15 target (US $11).
- Hexo Corp (NYSE: HEXO), Buy rating, C$14 target ($10).
- Cronos Group Inc (NASDAQ: CRON), Underperform rating, C$17 target ($13).
- Canopy Growth Corp (NYSE: CGC), Buy rating, C$70 target ($52).
The Thesis
