Verano (OTCMKTS:VRNOF) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Verano (OTCMKTS:VRNOFGet Rating) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, Zacks.com reports.

Several other equities analysts have also issued reports on VRNOF. Needham & Company LLC started coverage on shares of Verano in a report on Wednesday, February 9th. They set a buy rating and a $26.00 price objective on the stock. Alliance Global Partners started coverage on shares of Verano in a report on Friday, February 11th. They set a buy rating and a $30.00 price objective on the stock. Finally, Canaccord Genuity Group cut their price objective on shares of Verano from C$26.00 to C$24.50 and set a buy rating on the stock in a report on Thursday, April 28th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of $30.50.

Shares of OTCMKTS:VRNOF opened at $7.63 on Thursday. The firm’s 50 day simple moving average is $9.20 and its 200-day simple moving average is $10.89. Verano has a one year low of $7.32 and a one year high of $21.10.

Verano Company Profile (Get Rating)

Verano Holdings Corp. operates as a vertically-integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, and retail license of cannabis in Illinois, Florida, Arizona, Maryland, Nevada, Ohio, Michigan, Massachusetts, Arkansas, New Jersey, Pennsylvania, and West Virginia.

Further Reading

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Analyst Recommendations for Verano (OTCMKTS:VRNOF)

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