The Globe and Mail reports in its Wednesday, Jan. 29, edition that BMO Nesbitt Burns analyst Tamy Chen, seeing potential upside to the Street's expectations for its third quarter results, which are scheduled for a Feb. 14 release, raised Canopy Growth ($31.45) to "outperform" from "market perform" with a share target of $40, rising from $25 and above the average on the Street of $29.64. The Globe's David Leeder writes in the Eye On Equities column that Ms. Chen says in a note, "Even a modest beat in FQ3/20 results could begin to shift investor sentiment on the stock." Ms. Chen believes Canopy's value-priced brands are taking market share from higher-priced products and its overall product mix is now better aligned with demand following inventory writedowns in previous quarters. The Globe reported on April 23, 2019, that two analysts had upgraded Canopy. GMP analyst Martin Landry boosted the stock to "buy" from "hold." Cormark analyst Jesse Pytlak moved his rating to "buy" from "market perform." The shares were then worth $52.50. The Globe reported on Nov. 21, 2019, that Merrill Lynch analyst Christopher Carey hiked Canopy to "buy" from "neutral." The shares were then worth $23.49.