In a recently released analyst research report, Northland Securities, Inc. analyst, Greg Gibas took over the reigns from Paul Penney and initiated his coverage of cannabis packaging leader KushCo Holdings Inc. (OTC:KSHB) with a buy rating and an adjusted price target.
Just a few weeks ago, Northland Securities analyst Paul Penney had reiterated his buy rating on KushCo with a price target of $8.75 USD per share. Since then, the Pomerantz LLP law firm has begun investigations into claims on behalf of investors concerning “whether KushCo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.”
Greg Gibas’s new KushCo price target of $8.00 USD per share implies a potential upside of approximately 47.29% based on the last traded price of $5.56 USD per share on the OTC markets.
In his analyst guidance update, Gibas noted, “We continue to believe that KSHB is on the right path to becoming the most trusted and reputable packaging and product supplier to the rapidly growing cannabis industry. Therefore, we believe KSHB offers an attractive investment opportunity for small cap growth / cannabis related investors.”
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