Alliance Global Partners lowered the firm’s price target on Tilray to $1.75 from $2.25 and keeps a Neutral rating on the shares. The company’s Q1 revenue missed estimates due to beverage sales coming in below expectations due to order timing, the analyst tells investors in a research note. The firm adds that it sees FY25 as an investment year for the company as it fully integrates its ABI brands, adds its Molson Coors brands and continues to invest behind its cannabis initiatives.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TLRY:
- Delta reports mixed Q3, Domino’s reports earnings beat: Morning Buzz
- Rising High: Exclusive talk with cannabis REIT NewLake Capital
- TLRY Earnings: Tilray Brands Plummets as Q1 Revenues Fall Short of Estimates
- Tilray Brands Files Regulatory 8-K Form with SEC
- Options Volatility and Implied Earnings Moves Today, October 10, 2024