Shopify (TSE:SHO) Upgraded at Scotiabank

Scotiabank upgraded shares of Shopify (TSE:SHO) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on SHO. DZ Bank upgraded Shopify from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. BNP Paribas upgraded Shopify to a “hold” rating in a research report on Monday, November 24th. TD Securities raised Shopify to a “hold” rating in a research note on Thursday, December 4th. Finally, Wolfe Research raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Five investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Shopify presently has a consensus rating of “Moderate 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.