Published 3 months ago

From Underweight To Under Scrutiny: Can Canopy Growth Turn The Tide? Piper Sandler's Forecast On The Weed Giant - Cresco Labs (OTC:CRLBF), Canopy Gwth (NASDAQ:CGC)

Summary by Ground News

CGC's fiscal third-quarter 2024 earnings revealed a mixed bag of results. The company outperformed revenue expectations, posting net revenues of C$78.5 million. Piper Sandler's revised outlook for CGC reflects cautious optimism, adjusting the fiscal 2024 sales estimate downwards and setting a new price target of US$3.00.

0 Articles

All

Left

Center

Right

Benzinga

From Underweight To Under Scrutiny: Can Canopy Growth Turn The Tide? Piper Sandler's Forecast On The Weed Giant - Cresco Labs (OTC:CRLBF), Canopy Gwth (NASDAQ:CGC)

Could Canopy Growth Corporation (NASDAQ: CGC) be on the brink of turning its fortunes around, or is the optimism premature? Michael S. Lavery, a senior research analyst at Piper Sandler & Co., assigned CGC an 'Underweight' rating in his comprehensive analysis, signaling a cautious outlook due to its changing financial situation and strategic efforts. Lavery's report delves into the complexities of CGC's position within the competitive cannabis s…

3 months ago·New York, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Stories disproportionately reported by the Left or the Right

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.