Tag Archives: CMG

Top Canadian Stocks To Watch Right Now

Shares of Aurora Cannabis ACB were lower on Friday after the Canadian cannabis company was upgraded by analysts at Jefferies but the investment firm's price target indicates a downside. 

Analyst Owen Bennet upgraded the stock to hold from underperform but also cut his price target to C$8.56, representing 8% downside from the stock's previous closing price. 

The firm says that the company's operational weakness continues while a $1 billion shelf offering from March “means some kind of U.S. move is much more likely.”


Top Canadian Stocks To Own Right Now

In a bid to diversify its portfolio in the everyday rewards space, Canadian Imperial Bank of Commerce (CM Quick QuoteCM ) , commonly called CIBC, is set to acquire Costco Wholesale Corporation’s (COST Quick QuoteCOST ) existing portfolio of Canadian co-brand credit card. The Canadian Costco credit card portfolio has more than $3 billion in its outstanding balances. Financial terms of the deal remained undisclosed.

Shares of CIBC gained marginally, post announcement of the acquisition, raising investor optimism on the deal.

Capital One Financial Corporation (COF Quick....More>>>