cantor fitzgerald analyst pablo zuanic on friday reiterated a neutral rating on aurora cannabis acb acb and cut his 12month price target to c760 from c1075 due to reduced sales estimates the company said it expects to reach positive ebitda by the first half of fiscal year 2023 but zuanic said the company remains a longterm turnaround story we realize pressures in the domestic recreational unit in part offset progress in other areas so trendwise we are constructive but do not have enough fodder to upgrade the stock he said after the closing bell on thursday aurora cannabis said its secondquarter loss narrowed to c751 million 59 million from more than c300 million a year ago revenue fell to c606 million in the quarter down from c677 million a year ago the companys loss in the latest quarter was wider than the loss of c454 million expected by analysts but its sales beat the target of c591 million according to factset shares of aurora cannabis are down 33 in premarket trades