Green Thumb Industries price target lowered to $7 from $10 at Benchmark

Benchmark lowered the firm’s price target on Green Thumb Industries (GTBIF) to $7 from $10 and keeps a Buy rating on the shares after the company reported Q1 results on May 7. Despite headwinds that include persistent pricing pressure, rising retail competition, and increasing macro and regulatory uncertainty, Green Thumb’s $211M cash position and $258M in working capital “support continued investment, opportunistic M&A, and downside protection amid sector volatility,” the analyst tells investors.