Cowen & Co.’s Vivien Azer reiterated an Outperform rating on the marijuana stock, and says the new partnership with Nelson Peltz will “help accelerate performance.”
Aurora Cannabis stock has already jumped more than 81% since the start of the year, but recent management meetings keep Cowen & Co.’s Vivien Azer confident that it can keep going higher.
What’s New. A big chunk of Aurora’s recent rally comes from news earlier this week that Nelson Peltz is joining the company as a strategic advisor. As Barron’s reported, Peltz will work with Aurora to “explore potential partnerships that would be the optimal strategic fit for successful entry into each of Aurora’s contemplated market segments” and advise on its global expansion.
Looking Ahead. Azer was upbeat on Aurora before the news, calling it not only her No. 1 pick in cannabis, but also her third favorite idea in all her coverage. Yet she thinks the alliance will bear even more fruit. She reiterated an Outperform rating and $14 price target on the Canadian shares.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Cannabis maker Aurora picks billionaire investor Nelson Peltz as adviserCanada's Aurora Cannabis Inc named billionaire investor Nelson Peltz as a s...
और पढो »
Aurora Cannabis up 12% after billionaire activist investor Nelson Peltz is hired as an advisor. SquawkCNBC spoke with Aurora Cannabis chair Michael Singer after the company announced it is hiring billionaire Nelson Peltz as a strategic advisor, granting him options to purchase nearly 20 million Aurora shares.
और पढो »
Stocks making the biggest moves midday: Boeing, Aurora Cannabis, Vera Bradley & moreCheck out the companies making headlines midday Wednesday.
और पढो »
UPDATE: Canada's Aurora Cannabis stock soars on news to hire hedge fund manager Nelson Peltz as adviser
और पढो »
Aurora Cannabis shares surge after hiring billionaire activist investor Nelson Peltz as an advisorAurora Cannabis announced Wednesday that it has appointed longtime activist investor Nelson Peltz as a strategic advisor to the company.
और पढो »
Aurora Cannabis pops nearly 14% after billionaire activist investor Nelson Peltz joins as an advisor. SquawkCNBC spoke with Aurora Cannabis chair Michael Singer this morning after the company announced it is hiring billionaire Nelson Peltz as a strategic advisor, granting him options to purchase nearly 20 million Aurora shares.
और पढो »
Aurora Cannabis soars on news it’s hiring hedge-fund manager Nelson Peltz as adviserAurora Cannabis Inc. led a rally in cannabis stocks Wednesday, after the company said it’s hiring hedge-fund manager Nelson Peltz as an adviser with the aim of sealing new cooperation agreements and expanding globally.
और पढो »
Aurora Cannabis chairman describes Nelson Peltz partnership, plans for consumer expansionAurora's executive chairman tells CNBC that the company's partnership with Nelson Peltz is one of many relationships it hopes to foster.
और पढो »
Canadian marijuana companies are lobbying a stock exchange to allow them to invest in the lucrative US market and it could be transformative for the $75 billion industryThe move would allow Canadian companies like Canopy Growth and Aurora Cannabis to access the much more lucrative US market.
और पढो »
Peltz is triple threat of cannabis endorsementsAurora Cannabis gets three things from hiring activist Nelson Peltz as an adviser: financial credibility, consumer expertise and contacts at companies like P&G. Other investors can ride on his coattails. The catch is that VIP patrons like Peltz get terms mere mortals can’t touch.
और पढो »