DZ Bank Upgrades Shopify (TSE:SHO) to Strong-Buy

Shopify (TSE:SHO) was upgraded by investment analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts also recently issued reports on SHO. Moffett Nathanson raised Shopify from a “hold” rating to a “strong-buy” rating in a report on Monday, February 9th. Mizuho raised shares of Shopify from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. ATB Cormark Capital Markets raised shares of Shopify from a “hold” rating to a “moderate buy” rating in a report on Tuesday, February 10th. Scotiabank upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Finally, BNP Paribas Exane upgraded shares of Shopify to a “hold” rating in a research report on Monday, November 24th. Ten equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Shopify currently has a consensus rating of “Strong Buy”.

Shopify Stock 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. The Recreational segment consists of planting, harvesting, and sale of psychoactive cannabis. The Cannabinoids Extraction segment consists of planting, harvesting, and sale of hemp and the related cannabinoid extraction for medicinal use.