Tilray: Improved Balance Sheet And Reasonable Valuation (Rating Upgrade)
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Tilray Brands has been upgraded to a Buy rating due to an improved balance sheet and reasonable valuation. Despite recent lows, TLRY shows potential for short-term gains with technical resistance at $1.20 and $1.34. Q2 results were disappointing, but revenue grew due to acquisitions, and net debt was significantly reduced.
February 17, 2025 | 3:00 am
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Tilray Brands has been upgraded to a Buy rating due to an improved balance sheet and reasonable valuation. Despite recent lows, TLRY shows potential for short-term gains with technical resistance at $1.20 and $1.34. Q2 results were disappointing, but revenue grew due to acquisitions, and net debt was significantly reduced.
The upgrade to a Buy rating is based on Tilray's improved financial health, including a significant reduction in net debt and a reasonable valuation. These factors, combined with potential short-term gains and technical resistance levels, suggest a positive short-term impact on TLRY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100