Cronos Jumps on Double Upgrade, Tilray Initiated With Perform Rating

Tony Owusu - finance.yahoo.com Posted 5 years ago

Cronos Group and Tilray were rallying Wednesday after analysts at Bank of America and Oppenheimer published bullish notes, respectively, on the cannabis companies. Cronos received a rare double upgrade from Bank of America analyst Christopher Carey, who upgraded the stock to buy from underperform while raising his price target to $20 from $13, representing a potential 39% upside.

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