stifel analyst w andrew carter on monday upgraded aurora cannabis inc acb acb to hold from sell and trimmed his price target to c215 171 a share from c250 a share after a 173 million financing deal that the cannabis company announced recently carter said the companys enhanced liquidity and reduced balance sheet risk have not been fully appreciated by investors we believe the shares have rerated to a level properly considering the nearterm challenges in returning to year over year growth with modest cash needs carter said we believe aurora has outlined a pragmatic approach that recognizes the limitations of the canadian adult use market while adjusting its cost structure shares of aurora cannabis rose 13 in premarket trades the stock is down 70 in 2022 compared to a drop of 728 by the cannabis etf thcx 