BMO Capital Markets Upgrades Shopify (TSE:SHO) to Strong-Buy

Shopify (TSE:SHO) was upgraded by equities researchers at BMO Capital Markets to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

SHO has been the subject of several other reports. Benchmark upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Wedbush raised Shopify from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Phillip Securities downgraded shares of Shopify from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, February 17th. BNP Paribas lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, New Street Research raised shares of Shopify to a “hold” rating in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating and nine have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Shopify Price Performance

About Shopify

ICC Labs Inc is a medicinal and recreational cannabis producer based in South America. The firm primarily producing, researching and marketing cannabis for medical and recreational uses, and hemp-based products. The company’s operations are organized into two operating segments, Recreational segment and Cannabinoids Extraction segment.