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- Although Alliance Global Partners lowered its price target yesterday on Canopy Growth Corp. (CGC +4.7%), the stock is up this morning.
- Analyst Aaron Grey has a neutral rating on shares but lowered his price target from C$18 to C$11 lowered the firm's price target on Canopy Growth to C$11 from C$18 (~34% upside).
- Grey says that Canopy is continuing to lose market share as competition heats up in Canada.
- Check out Seeking Alpha contributor's Trapping Value's recent analysis of Canopy Growth.