Cantor Fitzgerald Maintains Neutral on SNDL, Raises Price Target to $3.56
Cantor Fitzgerald analyst Pablo Zuanic maintains SNDL (NASDAQ:SNDL) with a Neutral and raises the price target from $0.48 to $3.56.
Why SNDL Stock Is Popping Off
SNDL Inc (NASDAQ: SNDL) shares are trading higher by 5.36% to $3.16, though off the session high of $3.59, during Monday's trading session after the company reported better-than-expected second-quarter sales results.
What Happened?
‘North Dakota Voters Will Decide On Marijuana Legalization At The Ballot This November, State Certifies’ -Marijuana Moment Report
https://www.marijuanamoment.net/north-dakota-voters-will-decide-on-marijuana-legalization-at-the-ballot-this-november-state-certifies/
Sundial Growers On Friday Reported Q2 EPS $(0.31), Sales $223.69M Beat $162.60M Estimate
Sundial Growers (NASDAQ:SNDL) reported quarterly losses of $(0.31) per share. The company reported quarterly sales of $223.69 million which beat the analyst consensus estimate of $162.60 million by 37.57 percent. This
Earnings Scheduled For August 12, 2022
Companies Reporting Before The Bell
• NeoGenomics (NASDAQ:NEO) is projected to report quarterly earnings at $0.44 per share on revenue of $218.26 million.
‘Missouri Marijuana Legalization Initiative Will Appear On November Ballot, State Announces’ -Marijuana Moment Report
https://www.marijuanamoment.net/missouri-marijuana-legalization-initiative-will-appear-on-november-ballot-state-announces/
‘Booker Says There’s Republican Support For ‘SAFE Banking Plus’ Marijuana Compromise’ -Marijuana Moment Report
https://www.marijuanamoment.net/booker-says-theres-republican-support-for-safe-banking-plus-marijuana-compromise/
Uber, Lyft And Some Other Big Stocks Recording Gains On Tuesday
U.S. stocks closed lower on Tuesday, with the Dow Jones dropping more than 400 points. Here is the list of some big stocks moving higher in the previous session.