Tilray Brands Inc (TLRY)

[FUNMAN]

TLRY : Tilray resumed with an outperform rating, Elanco and Shockwave upgraded, and more in today's analyst action • 10:15 AM

Tilray resumed with an outperform rating

Following the closing its acquisition with Aphria earlier this month, Cowen has resumed coverage of Tilray (NASDAQ:TLRY) with an outperform rating and $20 price target.

That implies upside of ~43% from the stock's most recent close.

Analyst Vivien Azer writes that Tilray is now the market share leader in Canada with "best-in-class profitability."

She says the company has about a 19% share of the adult cannabis market, ~420 bps above its closest competitor.

Also, the two companies compliment each other allowing for exposure into different cannabis forms, such as edibles and vaping, as well as into more provinces.