CGC Stock Got Downgraded Last Week and It’s Still Feeling the Effects

CGC stock

CGC stock kicked off Monday in the red, currently down nearly 5%, likely due to Canopy Growth (TSX:WEED) (NYSE:CGC) getting downgraded last week.

Here’s everything we know.

CGC Stock Gets Downgraded: Still Feeling the Effects

On Friday, September 27, Bank of America said it’s downgraded Canopy Growth from a “buy” rating to a “neutral” rating. Additionally, Bank of America, a North Carolina-based investment banking company, lowered the CGC stock price target to $27. For perspective, the price target was previously $46.

After the Canopy Growth downgrade, CGC stock fell nearly 4%. On ...

Read The Full Article On PotStockNews.com

Get the latest marijuana stock news, cannabis on stock news on PotStockNews

All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.