Aphria Stock a ‘Hold’ Says Analyst, Sees Upside in Price

Aphria Stock a ‘Hold’ Says Analyst, Sees Upside in Price

Aphria stock is trading down today despite being offered a ‘hold’ rating by Stifel analyst W. Andrew Carter, who sees an 18% upside in value with a price target of $4.50. Analysts on the Fence In a note to investors, Carter writes that Aphria Inc’s (TSX:APHA) (NYSE:APHA) revenue growth and strong balance sheet underpins the rating, balanced by the bank’s outlook for the business to scale and offer margins much like other consumer packaged goods companies. Stifel also sees the potential for 89% cumulative annual growth from the firm’s cannabis operations over the next two years … Read The Full Article On PotStockNews.com Get the latest marijuana stock news, cannabis on stock news on PotStockNews All content provided by Pot Stock News is subject to our Terms Of Use and Disclaimer.

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