Citigroup Downgrades Shopify (TSE:SHO) to Hold

Shopify (TSE:SHOGet Free Report) was downgraded by Citigroup from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Separately, BMO Capital Markets downgraded shares of Shopify from a “strong-buy” rating to a “hold” rating in a report on Friday. Ten research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Shopify currently has an average rating of “Buy”.

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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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