TerrAscend Corp. TRSSF, 0.75% TER, -0.44% shares rallied 8.3% to close at $5.36 on Thursday after the company said it's encouraged by prospects for adult use cannabis sales in New Jersey, as it released its fourth-quarter results. Cantor Fitzgerald analyst Pablo Zuanic on Thursday reiterated an overweight rating on the stock and set a March 2023 price target of $7.90 a share, compared to his earlier price target of $7.65 a share for December 2022.
TerrAscend shares perk up on prospects for New Jersey cannabis sales
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