Shopify (TSE:SHO) Rating Lowered to Neutral at Wedbush

Shopify (TSE:SHO) was downgraded by research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, June 25th, Zacks.com reports.

Separately, Roth Capital reaffirmed a “buy” rating on shares of Village Farms International in a research note on Monday, June 24th.

Shopify (TSE:SHO) last announced its earnings results on Tuesday, April 30th. The company reported C($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.46) by C$0.17. The business had revenue of C$426.10 million during the quarter, compared to analysts’ expectations of C$411.39 million.

Featured Story: What is the Beige Book?

Receive News & Ratings for Shopify Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shopify and related companies with MarketBeat.com's FREE daily email newsletter.