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.

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Source Fool.com