Aurora Cannabis price target lowered to C$1.50 from C$2.00 at Canaccord

Canaccord analyst Matt Bottomley lowered the firm’s price target on Aurora Cannabis to C$1.50 from C$2.00 and keeps a Hold rating on the shares. The analyst said our lowered valuation is not related directly to FQ2 results but more a function of increased sector risk, which, although not necessarily core to the overall ACB strategy, nonetheless slightly weighs on our overall SOTP analysis.