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Aurora Cannabis Inc. stock is set to go to $1, according to an analyst. In a note to clients late Thursday, Piper Sandler analyst Michael Lavery downgraded the cannabis producer to the equivalent of a sell and issued a $1 target price, down from $3. Lavery cited risks related to the balance sheet and weak European Union sales as significant […]
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After a brutal year for cannabis investors, weed stocks on Tuesday were rebounding in the final trading session of 2019. Exchange-traded funds that track cannabis companies jumped more than 5% in Tuesday trading. The Horizons Marjiuana Life Sciences Index ETF HMMJ, +7.10% gained 7.7%, the ETFMG Alternative Harvest ETF MJ, +5.61% rose 5.3% and the Cannabis ETF THCX, +5.93% rose 5.7% — reflecting […]
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If McDonald’s Corp. decides to add the P.L.T. to its menu in the U.S., there a good chance Beyond Meat Inc. won’t be the only plant-based burger provider the quick-service giant partners with, UBS said Tuesday. McDonald’s MCD, +0.13%announced in September that it was testing the P.L.T., or plant, lettuce and tomato, in Ontario, Canada. Analysts question whether the test […]
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Shares of Premier Protein-branded snacks maker BellRing Brands Inc. BRBR, +3.59% surged 3.7% toward fresh highs in morning trading Monday, after a host of Wall Street analysts started coverage of the recent IPO will bullish ratings. Of the 8 analysts surveyed by FactSet, 7 set ratings at the equivalent of buy and 1 had a rating of the equivalent hold. […]
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Dunkin Brands Group Inc. and Starbucks Corp. are racing to make the fastest coffee in the market. Dunkin’ DNKN, -2.57% chief Executive David Hoffmann talked up the 40% third-quarter sales growth in its espresso drinks, with the new Signature Latte line leading the way. Moreover, he said, they’re still making a quick cup. “And most importantly, we’ve maintained our operational […]
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One of Wall Street’s biggest concerns about Beyond Meat Inc.’s stock is that current valuations limit potential gains, but the odds are now ‘very high’ that problem will be fixed soon, ironically, by the bears. Beyond Meat investors got what they were waiting for Thursday, as McDonald’s Corp. said it will begin testing in Canada a burger with a Beyond […]
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Boris Johnson has suffered his first resignation over his bombshell decision to shut down Parliament for a month over Brexit . Lord Young of Cookham resigned as a government spokesman today in protest at the "tinpot" Prime Minister's bid to thwart MPs having their say on no-deal. The former leader of the House of Commons under David Cameron said he […]
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ACKSON, Miss. (AP) — A federal lawsuit says Mississippi is violating free-speech rights by banning makers of plant-based foods from using terms such as “meatless meatballs” and “vegan bacon.” The lawsuit against Mississippi Republican Gov. Phil Bryant and the state’s Republican agriculture commissioner, Andy Gipson, was filed Monday by the Plant Based Foods Association and the Illinois-based Upton’s Naturals Co. […]
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SAN FRANCISCO — San Francisco supervisors moved a step closer Tuesday to becoming the first city in the U.S. to ban all sales of electronic cigarettes to crack down on youth vaping. In a unanimous vote, supervisors approved a ban on the sale and distribution of e-cigarettes until the Food and Drug Administration completes a review of their effects on […]
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Google announced Tuesday that it’s investing $1 billion in developing more housing across the San Francisco Bay Area, where the rise of wealthy tech companies has helped fuel one of the country’s biggest affordability crises. The tech giant, one of the main companies targeted by Bay Area housing activists, plans to put $750 million toward repurposing Google-owned land into 15,000 […]
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