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BofA Says Canopy Stock Is 'A Show Me Story,' Lowers Price Target
Friday, July 1, 2022 - 10:46am | 529Read More...Canopy Growth Corporation (NASDAQ: CGC) entered into an additional privately negotiated exchange agreement on Friday with a holder of the company's outstanding 4.25% unsecured senior notes due in 2023, to acquire approximately CA$7.25 million ($5.6 million) aggregate...
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BofA Lowers Price Target & Rating On Canopy Despite Its Strong Cash Position And U.S. Entry Plan...Why?
Wednesday, December 22, 2021 - 12:49pm | 653Read More...Year-to-date, Canopy Growth (NASDAQ: CGC) stock lost 68.45%, compared to AdvisorShares Pure Cannabis ETF (ARCA: YOLO) that went down 33.94%, and SPDR S&P 500 (ARCA: SPY) gaining 21.83%. Just last week the Canadian cannabis giant confirmed it is divesting its...
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Canopy Growth Is A 'Show-Me-Story' As It Posts Mixed Progress In KPIs, Analyst Argues
Thursday, November 18, 2021 - 3:28pm | 452Read More...Earlier this month, Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED) revealed a $CA16.3 million ($13.08 million) net loss in the second quarter of fiscal 2022 and a CA$77 million wider loss in EBITDA, versus the same period of last year. Moreover, the company pushed out a positive Adjusted...
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Cronos Stock Continues To Dive After Earnings Report Delay, BofA Lowers Price Target
Thursday, November 18, 2021 - 12:40pm | 621Read More...Cannabis company Cronos Group Inc. (NASDAQ: CRON) announced last week that it had to delay filing third-quarter earnings due to pending impairment charges for its U.S. CBD activities. The Toronto-based company was unable to file its quarterly report saying that...
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Cigarette Pair Trade? BofA Upgrades Philip Morris, Downgrades Altria
Thursday, March 24, 2016 - 8:06am | 265Read More...BofA Merrill Lynch’s Lisa K. Lewandowski said that fundamentals of domestic tobacco stocks are likely to continue to be strong, while suggesting a switch from Altria Group Inc (NYSE: MO) to Philip Morris International Inc. (NYSE: PM) Altria Group Analyst Lisa Lewandowski downgraded the...
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UPDATE: Bank Of America Upgrades Reynolds American On Multiple Positive Factors
Wednesday, June 11, 2014 - 8:09am | 154Read More...In a report published Wednesday, Bank of America analyst Lisa K. Lewandowski upgraded the rating on Reynolds American (NYSE: RAI) from Neutral to Buy, and raised the price target from $63.00 to $65.00. In the report, Bank of America noted, “We have boosted our 2014/2015 EPS est by 2c/3c to $3.38/$3...
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Lorillard And Reynolds American Trend Down Amid Bank Of America's Report On Rumored Deal
Thursday, May 22, 2014 - 4:48pm | 270Read More...In a report issued Thursday, Bank of America highlighted a possible deal in which Reynolds American (NYSE: RAI) would purchase Lorillard (NYSE: LO). The rumor of the deal was first reported by Reuters just before the close on Wednesday. Shares of Lorillard popped up four percent with this news...
