In a recently released analyst research report, Seaport Global Securities LLC‘s Senior Equity Research Analyst, Brett Hundley, CFA, just initiated coverage on shares of Canadian cannabis producer Aphria Inc. (NYSE:APHA) (TSX:APHA) with a bullish price target, citing strong international relationships and more.
Back in September 2018, full-service investment bank Seaport Global Securities LLC bolstered its equities team with the addition of highly experienced equity researchers and more. Fast forward to today, and the firm has just initiated coverage on a long list of marijuana-related stocks ranging from licensed producers like Aphria to ancillary service providers like KushCo Holdings Inc. (OTC:KSHB) and beyond.
This new dive into cannabis-related equity coverage adds Seaport Global onto the short list of investment banks with analysts actively covering the space.
Brett Hundley’s price target of $18 per share for Aphria implies a potential upside of approximately 73.24% based on the last traded price of $10.39 USD on the NYSE.
According to TheFly, “Brett Hundley initiated Aphria with a Buy rating and $18 price target, citing its positioning as a low-cost Canadian licensed producer and its move to establish broad-based international relationships.”
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