Piper Jaffray is launching coverage on a couple of marijuana names, initiating Tilray (NASDAQ:TLRY) and Canopy Growth (NYSE:CGC) at Overweight.
The $90 price target on Tilray suggests 8% upside. The $40 price target on Canopy Growth suggests 35% upside.
Tilray is up 0.8% after hours, and Canopy up 2.7%.
Peyton wrote: I know after hours doesnt mean much, but its $30.34US right now which is equal to over $40 CDN.
We need to break $40 and hopefully with some volume. I'm more looking forward to Starsearcher being on the outside (ONCE AGAIN), the poor guy. I dont wish the wrorst upon anyone, however, Starsearcher is an exception.