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home / news releases / trulieve is no longer a sell rating upgrade

CRLBF - Trulieve Is No Longer A Sell (Rating Upgrade)

Cresco Labs Inc

2024-06-19 23:13:28 ET

Summary

  • Trulieve stock, downgraded from Strong Buy to Sell after rally, dropped 27% despite positive news.
  • Trulieve valuation decent compared to other Tier 1 MSOs, target price increased to $15.26 based on 2025 projections.
  • We are more optimistic about cannabis stocks and recommend other investment opportunities like Cresco Labs and WM Technology.

I had a Strong Buy on Trulieve (TCNNF) a year ago and then downgraded it to Neutral in January. In late March, I downgraded it to Sell after a massive rally, suggesting that the valuation relative to peers was too high ....

For further details see:

Trulieve Is No Longer A Sell (Rating Upgrade)
Stock Information
Company Name: Cresco Labs Inc
Stock Symbol: CRLBF
Market: OTC
Website: crescolabs.com
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