As previously reported yesterday, Canaccord downgraded Enthusiast Gaming to Hold from Speculative Buy with a price target of C$0.25, down from C$1.50, after the company announced that CEO Nick Brien provided the board with notice of his resignation. Given the unexpected departure of the new CEO and significant management turnover at “a critical juncture,” the firm sees higher risk and prefers to move to the sidelines until having more clarity.
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