Shopify (TSE:SHO) Downgraded by BNP Paribas to Hold

BNP Paribas lowered shares of Shopify (TSE:SHOFree Report) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on SHO. Benchmark raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Wedbush raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Phillip Securities cut shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 17th. Finally, New Street Research upgraded shares of Shopify to a “hold” rating in a research report on Friday, January 10th. Six equities research analysts have rated the stock with a hold rating and eight have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

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ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.

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