Forget Canopy Growth: Why 1 Top Analyst Likes Aphria and Aurora Cannabis Instead
What started off as a great year for major Canadian marijuana stocks has turned into a dumpster fire. The stocks of all five of the biggest players in the Canadian cannabis industry are down by double-digit percentages year to date, with four of the five plunging 25% or more.
Analysts have taken to cutting price targets and downgrading quite a few of the top pot stocks. Jefferies analyst Owen Bennett, for example, slashed his price target for Canopy Growth (NYSE: CGC) by two-thirds and downgraded the stock to an underperform rating from hold. But while he's bearish about Canopy, this top analyst still likes two of the big five: Aphria (NYSE: APHA) and Aurora Cannabis (NYSE: ACB).
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Source Fool.com
