Pot stocks faced pressure this week after Aurora Cannabis (ACB) - Get Report posted disappointing earnings, but Cowen analysts are mostly bullish on the sector as the firm initiated coverage of five other companies.
MedMen (MMNFF) received the bearish call, an underperform rating and $1.50 price target. The target represents 24% downside from the stock's Thursday closing price of $1.98.
Acreage Holdings (ACRGF) was initiated market perform with a $9 price target, indicating 8.6% potential upside from the Thursday close at $8.29.
In trading Friday, Cresco was little changed at $8.07, Green Thumb was up 0.4% at $9.46, Curaleaf was 1.3% up at $7.52, MedMen was off 3.9% at $1.90, and Acreage was down 0.5% at $8.25. Aurora edged 0.2% higher to $5.90.