HEXO Stock Gains as MKM Partners Initiates Coverage on Market

Hexo Stock

HEXO stock is up 11% today after MKM Partners initiated coverage on seven cannabis firms, including HEXO Corp (TSX:HEXO) (NYSE:HEXO).

HEXO Stock the Biggest Gainer from MKM Coverage

MKM Partners, an institutional equity research firm, has launched coverage on five Canadian cannabis firms and two US multi-state operators, of which only two received buy ratings—which were Acreage Holdings Inc (OTCQX:ACRGF) and HEXO Corp. MKM handed sell ratings to Curaleaf Holdings (CSE:CURA) (OTCQX:CURLF) and Aurora Cannabis (TSX:ACB) (NYSE:ACB), while Canopy Growth (TSX:WEED) (NYSE:CGC), Cronos Group (TSX:CRON) (NASDAQ:CRON), and Tilray (NASDAQ:TLRY) were rated as neutral. HEXO stock was ...

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