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Fly News Breaks for November 27, 2019
KSHB
Nov 27, 2019 | 07:56 EDT
Jefferies analyst Owen Bennett initiated coverage of KushCo Holdings with a Buy rating and $3.50 price target. Despite an attractive sales profile relative to North American cannabis peers and operating in a federally legal way in the U.S., the company's valuation "is one of the cheapest," Bennett tells investors in a research note. The analyst sees "significant re-rating potential" for the shares over next 12-24 months as headwind, particularly on vapor, unwind.
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