Cowen analysts led by Vivien Azer assessed information from the 2019 Monitoring the Future data from the University of Michigan, which found that teenagers are increasingly shifting away from legacy consumption offerings (such as cigarettes and alcohol). The firm is cautious on the beer sector as a whole, as trends in spirits and seltzer remain strong, and a declining % of teens consuming alcohol.

COWN earnings call for the period ending March 31, 2020.

COWN earnings call for the period ending June 30, 2019.

Cannabis company Tilray Inc. (NASDAQ: TLRY) announced Tuesday via an 8-K filing that it has signed a sales agreement with Cowen and Company, LLC, upon which the company can issue and sell shares via Cowen with a total offering price of up to $400 million. The company said the agreement doesn’t carry an obligation for Tilray to sell any shares, and that any sales will be an “at-the-market offering.” The sale of the shares will be effected under a Form S-3 registration statement. Once Tilray provides Cowen with a placement notice, Cowen will act as a sales agent for Tilray.

Cowen raised its price target on Chipotle from $800 to $970, upgrading shares to outperform from market perform. Analyst Andrew Charles thinks the fast-food chain is doing a lot of things right, but finds Chipotle's digital strategy to be particularly effective. This includes pickup and third-party delivery, and 'Chipotlanes’, its drive-thru format.

Cowen Inc (NASDAQ: COWN ) represents an underappreciated turnaround story and offers capital optionality, according to Buckingham Research Group. The Analyst Buckingham's Chris Walsh initiated coverage ...

Cowen has named Target a “best idea" for 2020, saying its digital business is overcoming the threat from Amazon. Yahoo Finance’s Seana Smith and Ines Ferre discuss on The Ticker.