Charlotte's Web Holdings (CWBHF) PT Lowered to $5 at Cowen Following Earnings

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Charlotte's Web Holdings (CWBHF) PT Lowered to $5 at Benchmark

May 12, 2021 8:47 AM EDT

Benchmark analyst Mike Hickey lowered the price target on Charlotte's Web Holdings (OTC: CWBHF) to $5.00 (from $6.00) while maintaining a Speculative Buy rating.

The analyst commented, "CWEB delivered disappointing F1Q20 revenue and Adjusted EBITDA results. Results in the quarter were negatively... More