Cresco Labs price target lowered to C$4 from C$5 at Alliance Global Partners

Alliance Global Partners analyst Aaron Grey lowered the firm’s price target on Cresco Labs to C$4 from C$5 and keeps a Buy rating on the shares post the Q2 report. The company is still showing wholesale success in difficult competitive environment, the analyst tells investors in a research note. The firm is “encouraged” by the results, saying sales and EBITDA came in above its estimates.