Tilray price target raised to $2.25 from $2.00 at Alliance Global Partners

Alliance Global Partners raised the firm’s price target on Tilray (TLRY) to $2.25 from $2.00 and keeps a Neutral rating on the shares. Following the close of the HEXO and Anheuser-Busch (ABI) brand acquisitions, Alliance Global Partners believes the company will be able to achieve cost synergies from the acquisitions and see the bigger question in driving sales growth, the analyst tells investors in a research note. The firm believes the key to reaching its EBITDA target will be a combination of realizing cost synergies and driving sales growth.