Aurora Cannabis initiated with a Buy at TD Securities

TD Securities initiated coverage of Aurora Cannabis (ACB) with a Buy rating and C$9 price target The company “has turned over a proverbial new leaf” following the reset in the cannabis industry, now with a focus on “responsible growth,” the analyst tells investors in a research note. The firm says Aurora’s current valuation presents a “compelling” risk/reward trade-off despite “lingering risk”s in the emerging cannabis industry. It expects improved earnings and valuation to push the share price towards its price target