B of A Securities Maintains Underperform on Cronos Group, Raises Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lisa Lewandowski has maintained an Underperform rating on Cronos Group (NASDAQ:CRON) but increased the price target from $1.78 to $2.
December 28, 2023 | 10:37 am
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B of A Securities maintains an Underperform rating on Cronos Group but raises the price target from $1.78 to $2.
While the increase in price target could be seen as a positive signal, the Underperform rating suggests that the analyst believes the stock will not perform as well as the broader market. The mixed message may lead to a neutral short-term impact on the stock price as the market digests both the rating and the revised target.
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IMPORTANCE 75
RELEVANCE 100