This is a significant downgrade given that Cannacord, who raised capital for Yowie in May 2016, had a price target, at the same time, of $1.68. (see Yowie website) I've not been able to get the report details so don't know what the reasoning was but downgrade from $1.68 to $0.52 in just over 12 months, seems like a massive loss of faith in YOW.