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Cantor Fitzgerald cuts price target on Aurora Cannabis

Cantor Fitzgerald cuts price target on Aurora Cannabis

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Cantor Fitzgerald analyst Pablo Zuanic on Friday reiterated a neutral rating on Aurora Cannabis ACB, -1.08% ACB, -1.02% and cut his 12-month price target to C$7.60 from C$10.75 due to reduced sales estimates. The company said it expects to reach positive Ebitda by the first half of fiscal year 2023, but Zuanic said the company remains a long-term turnaround story.

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