Cowen Reiterates Outperform Rating on Green Thumb Industries (GTII:CN) (GTBIF)

November 21, 2019 9:30 AM EST
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Price: $26.47 -3.29%

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Cowen analyst Vivien Azer reiterated an Outperform rating and $17.50 price target on Green Thumb Industries (GTII:CN) (OTC: GTBIF) following results.

The analyst commented, "The broadly positive earnings season for the U.S. operators continued, with GTI handily beating consensus revenue estimates, while also delivering an impressive $14 mm in adjusted operating EBITDA, to generate a ~21% margin. GTI's fiscal discipline and focused execution continues to make it our favorite name within our U.S. MSO coverage universe. Maintain Outperform."

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