Canaccord Canaccord Genuity’s Matt Bottomley cut his Curaleaf Holdings Inc. target to $15.50 from $18 with a “buy” rating. The average is $23.30.
“After lowering our near-term estimates for CURA’s softened 2022 outlook and adding another 50 basis points premium to our overall SOTP discount rate to account for continued macro-level headwinds to start 2022, we are lowering our PT,” he said.