Cantor Raises Price Target On Trulieve's Stock Ahead of Q1 Earnings Report

Cannabis company Trulieve Cannabis (OTC: TCNNF) is scheduled to release its first-quarter financial results on May 13, before the market opens, and will follow up with a conference call at 8.30 AM ET.

The Analyst

Ahead of the earnings report, Cantor Fitzgerald’s Pablo Zuanic raised the price target to $89 from $83 on Trulieve’s stock, while keeping an “Overweight“ rating.

Investment Thesis

Zuanic said Cantor Fitzgerald raised the price target based on increased long-term EBITDA projections.

“We believe near term sentiment will be dictated by management commentary during the 5/13 call regarding 1Q metrics, outlook and the contribution this …

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