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Verano Holdings price target lowered to C$5 from C$6 at Alliance Global

Alliance Global lowered the firm’s price target on Verano Holdings (VRNO) to C$5 from C$6 and keeps a Buy rating on the shares. Verano announced Q4 sales and EBITDA broadly in-line with Street expectations, notes the analyst, who cites uncertainty around timing to federal reform as the firm rolls forward its valuation for the firm’s lowered price target

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