TSX:WEED Bulltrap?
Cormark Securities raised its target price for Canopy Growth (
WEED) to 40 Canadian dollars from 33 Canadian dollars on August 16 while Cowen & Company raised its target price to 56 Canadian dollars from 48 Canadian dollars. Based on the last several months, I wouldn't be surprised to see a short climb before heading back down. Would consider a 40-42$ setup in the next few weeks before heading into October.
WEED) to 40 Canadian dollars from 33 Canadian dollars on August 16 while Cowen & Company raised its target price to 56 Canadian dollars from 48 Canadian dollars. Based on the last several months, I wouldn't be surprised to see a short climb before heading back down. Would consider a 40-42$ setup in the next few weeks before heading into October.
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