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Organigram upgraded to Buy from Hold at Stifel
The Fly

Organigram upgraded to Buy from Hold at Stifel

Stifel analyst Andrew Partheniou upgraded Organigram to Buy from Hold with an unchanged price target of C$1.50 after the company reported "strong" Q1 results. Profitability beat expectations with meaningful cash generation, noted Partheniou, who is raising his profitability estimates to reflect Q1 performance, management’s gross margin guidance and the company’s production expansions and innovation "bearing fruit."

Published first on TheFly

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