Tilray price target raised to $2.25 from $2 at Alliance Global Partners

Alliance Global Partners analyst Aaron Grey raised the firm’s price target on Tilray to $2.25 from $2 and keeps a Neutral rating on the shares. Following the closure of two acquisitions, the analyst believes Tilray will be able to achieve cost synergies. The key reaching the company’s EBITDA target will be a combination of realizing cost synergies abd driving sales growth, the analyst tells investors in a research note.