CIBC Maintains Neutral on Tilray Brands, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
CIBC analyst John Zamparo has maintained a Neutral rating on Tilray Brands (NASDAQ:TLRY) and lowered the price target from $2.25 to $2. This adjustment reflects a revised valuation of the company's stock.
April 10, 2024 | 4:27 pm
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NEUTRAL IMPACT
CIBC analyst John Zamparo maintains a Neutral stance on Tilray Brands but lowers the price target from $2.25 to $2, indicating a revised outlook on the stock's value.
The adjustment in price target by a major analyst like John Zamparo from CIBC, while maintaining a Neutral rating, suggests a recalibration of the stock's expected performance without a fundamental change in the company's outlook. This could lead to short-term trading adjustments but is unlikely to significantly impact long-term investor sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90