Rosenblatt Securities Upgrades Shopify (TSE:SHO) to “Strong-Buy”

Shopify (TSE:SHO) was upgraded by Rosenblatt Securities to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Citigroup cut Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. DZ Bank downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Rothschild & Co Redburn lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Phillip Securities cut shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday. Finally, BMO Capital Markets upgraded Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Eleven equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Shopify Price Performance

Shopify Company Profile

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. The Recreational segment consists of planting, harvesting, and sale of psychoactive cannabis. The Cannabinoids Extraction segment consists of planting, harvesting, and sale of hemp and the related cannabinoid extraction for medicinal use.