BofA lowered the firm’s price target on Canopy Growth (CGC) to C$2 from C$5 and keeps an Underperform rating on the shares following what the analyst calls the “mixed 3Q results and outlook.” Adult use remains challenging and operational costs still need to fall further to achieve positive consolidated EBITDA, the analyst tells investors in a post-earnings note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CGC:
- Largest borrow rate increases among liquid names
- Canopy Growth Navigates Mixed Earnings Call Landscape
- Acreage Holdings’ Financial Troubles Threaten Canopy Growth’s U.S. Strategy
- Canopy Growth’s Q3 2025 Results: Strategic Focus on Profitability
- Canopy Growth price target lowered to C$4 from C$7 at Alliance Global Partners