HEXO Stock Drops After Stifel Analyst Gives ‘Sell’ Rating

HEXO Stock Drops After Stifel Analyst Gives ‘Sell’ Rating

HEXO stock is in the red today after Stifel analyst W. Andrew Carter initiated coverage on HEXO Corp (TSX:HEXO) (NYSE:HEXO) with a ‘sell’ rating and a price target of a $1.15. Stifel Bearish on HEXO Stock Carter writes that the $1.15 target price and sell rating reflects Stifel’s position that the Quebec pot producer has “precarious positioning” in Canada. He continues to say that HEXO’s ongoing cash crunch and a management “credibility gap” will be difficult to overcome, and there is limited potential to drive the “robust growth outlined by the company.” Carter argues … 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.

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