Alliance Global Partners raised the firm’s price target on Tilray to $2.75 from $2.25 and keeps a Neutral rating on the shares. The analyst adjusted estimates heading into next week’s earnings print. The firm cites a higher multiple due to Tilray’s opportunity in Germany with recent cannabis reform for the target target bump.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TLRY:
- Tilray Brands Announces 420 Activations Across Canada and Unveils Celebratory Product Lineup
- UPDATE – Redhook Brewery Announces New “Big Juicy Ballard” IPA and Revives IPA Daze Festival at the Brewlab on 4/20 Weekend
- Tilray’s Redhook Brewery announces ‘Big Juicy Ballard’ IPA
- Tilray Medical announces scientific publication of age-related use of cannabis
- Sweetwater Brewing Unveils New 420 Variety Pack