In a recently released analyst research report, Benchmark Co. analyst, Mike Hickey, initiated coverage on shares of KushCo Holdings Inc. (OTC:KSHB) with a buy rating and a price target that suggests some noteworthy upside to come.
This bullish analyst coverage comes on the heels of Rosen Law Firm’s bearish announcement that it is investigating potential securities claims on behalf of shareholders of KushCo Holdings, Inc. resulting from allegations that KushCo may have issued materially misleading business information to the investing public.
Mike Hickey’s price target of $7.00 USD per share implies a potential upside of approximately 55.56% based on the last traded price of $4.50 USD per share on the OTC markets.
According to TheFly, “Benchmark analyst Mike Hickey initiated coverage of KushCo, which markets and sells packaging products, vaporizers, solvents and accessories in the legal medical and adult-use cannabis markets, with a Buy rating and $7 price target. He calls the stock a “pick and shovel” play on the cannabis market, for which he anticipates significant growth. He projects an up listing of the stock to a senior exchange over the medium-term, Hickey tells investors.”
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