B of A Securities Maintains Underperform on Cronos Group, Raises Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lisa Lewandowski has maintained an Underperform rating on Cronos Group (NASDAQ:CRON) but raised the price target from $2 to $2.5.
April 08, 2024 | 9:48 am
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Cronos Group's Underperform rating is maintained by B of A Securities, but the price target is increased from $2 to $2.5.
The maintenance of the Underperform rating suggests that B of A Securities remains cautious about Cronos Group's prospects. However, the increase in the price target from $2 to $2.5 indicates a slightly more optimistic view of the company's valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the reaffirmed skepticism and the increased valuation estimate.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90