Should You Sell Canopy Growth Stock?
Investors aren't fully appreciating the risks facing Canopy Growth (NYSE: CGC).
So says Stifel analyst Andrew Carter, who on Monday cut his rating on Canopy's stock from buy to sell and slashed his price target from 23 Canadian dollars ($17) to CA$18 ($13.30). His new target represents potential downside of more than 18%, based on Canopy's price of $16.26 just before noon EDT.
Former bull Andrew Carter has turned bearish on Canopy Growth stock. Image source: Getty Images.
Source Fool.com