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Sept. 28, 2021, 7:36 a.m. EDT

Aurora Cannabis upgraded to neutral at MKM Partners

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By Steve Gelsi

ACB

MKM Partners analyst Bill Kirk on Tuesday upgraded shares of Aurora Cannabis /zigman2/quotes/210559470/composite ACB +0.15% to neutral from sell and increased his fair value price for the stock from C$6 to C$7 after the Canadian cannabis company reported a narrower than expected EBITDA loss of C$13.9 million, compared to the consensus estimate for a loss of C$16.9 million. Kirk said Aurora continues to face a struggling recreational-use business, and despite a consistent medical business, sees volatility in the international market. Aurora is the only stock in the firm's 22-name coverage universe without a single "buy" rating. Aurora Cannabis shares fell 2.3% in pre-market trades.

/zigman2/quotes/210559470/composite
US : U.S.: Nasdaq
$ 6.79
+0.01 +0.15%
Volume: 3.39M
Nov. 26, 2021 1:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.31 billion
Rev. per Employee
$108,554
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