Canaccord analyst Matt Bottomley lowered the firm’s price target on Hexo (HEXO) to C$1.00 from C$1.50 and keeps a Hold rating on the shares. The firm lowered its target following HEXO’s FQ3/22 print, and keeping it in line with the exchange ratio of 0.4352 with Tilray Brands (TLRY), which is anticipated to close in the coming weeks.
Published first on TheFly
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