TD Securities Upgrades Shopify (TSE:SHO) to “Hold”

Shopify (TSE:SHO) was upgraded by equities research analysts at TD Securities to a “hold” rating in a report released on Friday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Phillip Securities lowered shares of Shopify from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Loop Capital cut Shopify from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Arete Research upgraded Shopify to a “hold” rating in a research note on Wednesday, July 23rd. Atb Cap Markets cut Shopify from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 6th. Finally, Needham & Company LLC raised Shopify to a “moderate buy” rating in a research note on Monday, July 14th. Four research analysts have rated the stock with a Strong Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Shopify Price Performance

Shopify Company Profile

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.