Curaleaf Holdings Inc (CURLF)

[FUNMAN]

This is one of those analyst examples in my opinion where it seems far fetched to assume nearly a shaving of 40% of the PPS without any reasoning to justify the big downgrade.

MKM Partners Initiates Coverage on Curaleaf (OTCMKTS:CURLF)
Posted by Ruben Stone on Sep 22nd, 2019

https://technewsobserver.com/news/2019/09/22/mkm-partners-initiates-coverage-on-curaleaf-otcmktscurlf.html

Analysts at MKM Partners started coverage on shares of Curaleaf (OTCMKTS:CURLF) in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage set a “sell” rating and a $5.00 price target on the stock. MKM Partners’ price objective suggests a potential downside of 37.42% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Compass Point began coverage on shares of Curaleaf in a report on Monday, June 10th. They set a “buy” rating on the stock. Cowen began coverage on shares of Curaleaf in a report on Friday, September 13th. They set an “outperform” rating and a $11.00 price target on the stock.

Curaleaf stock opened at $7.99 on Friday. Curaleaf has a fifty-two week low of $3.88 and a fifty-two week high of $11.73. The firm’s 50-day simple moving average is $7.19 and its 200 day simple moving average is $8.18.

About Curaleaf

Curaleaf Holdings, Inc operates as an integrated medical and wellness cannabis operator in the United States. It cultivates, processes, markets, and/or dispenses a range of cannabis products in various operating markets, including flower, pre-rolls and flower pods, dry-herb vaporizer cartridges, concentrates for vaporizing, concentrates for dabbing, tinctures, lozenges, capsules, and edibles.