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Organigram Earnings Expected Tomorrow Amidst Slew of Analyst Downgrades

Published 2023-07-12, 01:21 p/m
© Reuters.

By Ketki Saxena
 

Investing.com -- Canadian cannabis company Organigram Holdings Inc. (TSX:OGI) is set to announce its earnings results after the market closes tomorrow, Thursday, July 13th, amidst a slew of analysts lowering their price targets on the company's stock.

Stifel Nicolaus, ATB Capital, Jefferies Financial Group, and Canaccord Genuity (TSX:CF) Group all reduced their target prices on Organigram in mid-April. Stifel Nicolaus trimmed their target from C$1.50 to C$1.25, while ATB Capital cut theirs from C$2.50 to C$2.25. Jefferies Financial Group decreased their target from C$1.80 to C$1.50, and Canaccord Genuity Group brought down their target from C$3.25 to C$2.25.

Organigram, through its subsidiaries, is engaged in the production and sale of cannabis and cannabis-derived products within Canada.

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