Jushi Holdings upgraded to Buy from Hold at Canaccord

Canaccord upgraded Jushi Holdings to Buy from Hold with a price target of $1.25, up from $1. The analyst sees Jushi making consistent progress on improving its balance sheet going forward. Additionally, “healthy” long-term growth prospects through the eventual conversion to recreational sales in Pennsylvania and Virginia bode well for the company given those markets cover approximately two-thirds of its retail doors and other assets, the analyst tells investors in a research note.