Shares of Charlotte’s Web Holdings Inc (OTC: CWBHF) are down 20% over the last three months and while regulatory outlook seems to be improving, near-term concerns remain.
Cantor Fitzgerald analyst Pablo Zuanic maintained a Neutral rating for Charlotte’s Web, while reducing the price target from $5.85 to $5.25.
The Charlotte’s Web Thesis
Concerns around the company’s near-term prospects stem from a potential second-quarter miss and the proforma guidance being set below consensus expectations, Zuanic said.
He expects …