Flora Growth price target raised to $5 from $2.50 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Flora Growth to $5 from $2.50 and keeps a Buy rating on the shares following the Q4 report. The company looks to capitalize on the potential opportunity in Germany with the recent acquisition of TruHC, which could provide a platform to increase revenues in the market, the analyst tells investors in a research note. The firm views the stock’s risk/reward as favorable.