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Canopy Growth price target raised to C$11 from C$6 at Alliance Global Partners

Alliance Global Partners analyst Aaron Grey raised the firm’s price target on Canopy Growth to C$11 from C$6 and keeps a Neutral rating on the shares after Canopy reported fiscal Q4 sales of C$72.8M that came roughly in-line with the firm’s estimate and the Street consensus. The firm looks for the company to make strides toward EBITDA profitability in FY25, having addressed notable near-term debt concerns, but remains on the sidelines until there is better line of sight to profitability.

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