The Globe and Mail reports in its Tuesday, May 31, edition that CIBC World Markets analyst John Zamparo believes investors should stay clear of Canopy Growth. The Globe's Darcy Keith writes that Mr. Zamparo warns that Canopy's credibility on achieving financial targets is getting strained and that its earnings before interest, taxes, depreciation and amortization guidance seems "unachievable." Canopy on Friday reported a fourth quarter loss that was far bigger than analysts expected. Mr. Zamparo says, "We believe WEED faces more downside, as ongoing elevated cash burn combined with optionality investments have stretched its balance sheet, while operating results have declined materially and will have to improve more than previously expected to achieve profitability." Mr. Zamparo has reaffirmed his "underperformer" recommendation for Canopy. He cut his share target by $1.50 to $5. Analysts on average target the shares at $7.89. The Globe reported on Jan. 7 that CIBC World Markets analyst Sid Mokhtari said stocks punished at the end of the year tend to see their fortunes reverse with the turn of the calendar. He identified Canopy as a prime candidate for a rebound. It could then be had for $10.42.