May 3, 2019 / 12:41 PM / 2 months ago

BUZZ-Weed stocks: May not induce sleep - Jefferies

** Jefferies raises Canopy Growth’s PT to C$77 from C$64 on Acreage Holdings deal; says deal gives Canopy a route to participation in the world’s largest market

** Raises PT of Aurora Cannabis to C$14 from C$12,

** Says PT change captures closing of Whistler deal in March and strong trends that Aurora is seeing

** Lowers Tilray PT to $57 from $61, raises rating to “hold” from “underperform”

** Says lower PT reflects additional near term costs of buying product from third party to support supply, lower Canada share expectations based on current trends and a lower estimate for European medical share progression

** Cuts PT of Cronos Group to C$15 from C$17 to reflect softer recreational share expectations following the recent qtrly sales

** TLRY shares down 29% YTD, ACB up 77%, WEED up 78%, CRON up 56%

Reporting by Shradha Singh in Bengaluru

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