BNP Paribas downgraded shares of Shopify (TSE:SHO – Free Report) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.
Several other equities research analysts have also commented on SHO. Phillip Securities lowered Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 17th. New Street Research raised shares of Shopify to a “hold” rating in a research report on Friday, January 10th. Benchmark raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Wedbush upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and nine have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.
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