Aurora Cannabis Analyst Drops Bearish Stance, But Is Far From Convinced

Aurora Cannabis Inc. (TSE: ACB) (NYSE: ACB) still isn’t a Buy, according to MKM Partners, but the sell-side firm dropped its bear stance on the stock Friday —  still saying “issues abound” with the Canadian marijuana company’s outlook.

The Aurora Cannabis Analyst

Bill Kirk upgraded Aurora’s Toronto-listed stock from Sell to Neutral and lowered the fair value estimate from CA$2 ($1.51) to CA$1.75 ($1.32).

The Aurora Cannabis Thesis

Kirk said in a Friday upgrade note that he doesn’t believe Aurora will be profitable by the first quarter of 2021; thinks there will be …

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