Alliance Global Partners analyst Aaron Grey lowered the firm’s price target on Tilray to $3 from $4 and keeps a Neutral rating on the shares. The company reported sales and EBITDA below Street estimates, but remains profitable and improved cash flow in the quarter, Grey tells investors in a research note. The analyst, however, awaits signs of sustainable sales growth and improved profitability, "with the timeline to some of the expected catalysts still uncertain."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TLRY:
