Shopify (TSE:SHO) Cut to Hold at Rothschild & Co Redburn

Shopify (TSE:SHO) was downgraded by analysts at Rothschild & Co Redburn from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms also recently commented on SHO. Jefferies Financial Group raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 12th. Citigroup lowered Shopify from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, BMO Capital Markets cut shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Eleven equities research 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 stock. According to data from MarketBeat, Shopify has a consensus rating of “Buy”.

Shopify Stock 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.