“We are designating ACB as our Top Pick in cannabis, replacing WEED [Canopy Growth] …” said Vivien Azer of the first major Wall Street bank to initiate coverage of cannabis stocks. Cowen Bank’s investment banking division, according to NBC, gave Aurora an “outperform” rating with a $14 [Canadian] price target on March 5, 2019. The stock jumped over 10 to $8.03 US that day. Cronos was rated “market perform” with a $29C target.
More Analysts & Banks, Etc. Agree
Other analysts have reached the same conclusion about Aurora versus Canopy Growth. And several institutions, such as Brave Asset Management, Signition LP, and Waratah Capitol Advisers, have recently bought into Aurora.
So it seems the King of Cannabis is dead. Long live the King!