Citigroup downgraded shares of Shopify (TSE:SHO – Free Report) from a strong-buy rating to a hold rating in a research note published on Friday,Zacks.com reports.
Separately, BMO Capital Markets cut Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday. Ten investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.
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About Shopify
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.
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