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TLRY

Tilray

$39.13

-6.925 (-15.04%)

05:29
08/15/19
08/15
05:29
08/15/19
05:29

Vertical Group sees 90% downside in Tilray, says 'back up truck' to short

It is time to "back up the truck" and short shares of Tilray, Vertical Group analyst Gordon Johnson tells investors in a research note. The analyst introduced a year-end 2020 price target of $4, which implies around 90% downside to Tilray's closing price Wednesday of $39.04. The company's top shareholder, Privateer, is set to unload its 72% position over the course of this year and next, Johnson points out. Further, the analyst calls Tilray's Q2 results "horrific." On top of that, the company, which only has two-to-three quarters of cash left, admitted its results are slated to get worse, adds Johnson. The analyst says that in his years covering stocks, he's rarely seen such a richly valued company.

TLRY Tilray
$39.13

-6.925 (-15.04%)

06/28/19
CEDG
06/28/19
INITIATION
Target $54
CEDG
Overweight
Tilray initiated with an Overweight at Consumer Edge
Consumer Edge initiated Tilray with an Overweight and $54 price target.
07/17/19
LTCO
07/17/19
INITIATION
LTCO
Neutral
Tilray initiated with a Neutral at Ladenburg
Ladenburg Thalmann analyst Glenn Mattson started Tilray with a Neutral rating. Within the cannabis space, the analyst favors Canadian companies who are focused on long-term value creation and gaining market share as well as those with a well-defined plan for potentially entering the U.S. market. He initiated coverage on the cannabis space with a "bullish long-term outlook." A significant portion of Tilray's near-term growth is a result of its Manitoba acquisition, which is mainly an organic foods company, as opposed to growth from cannabis, Mattson tells investors in a research note.
08/14/19
STFL
08/14/19
NO CHANGE
Target $38
STFL
Hold
Stifel keeps Hold rating, $38 price target on Tilray after Q2 report
Stifel analyst W. Andrew Carter said Tilray's Q2 revenue performance exceeded his expectations and he believes the company's report underscores the cannabis industry's preeminent theme - namely, robust revenue growth opportunity bumping up against a high degree of investment needed to capitalize on a "once-in-a-lifetime" opportunity. Following the report, he increased his FY19 gross revenue estimate to $171M, but lowered his EBITDA estimates to conform more closely to the company's guidance. Carter keeps a Hold rating and $38 price target on Tilray shares, but said he thinks the stock could come under pressure as he believes investors may focus on the wider than expected EBITDA losses.
08/14/19
BNCH
08/14/19
NO CHANGE
Target $80
BNCH
Buy
Tilray price target lowered to $80 from $200 at Benchmark
Benchmark analyst Mike Hickey lowered his price target on Tilray shares to $80 from $200 after the company reported "mixed" Q2 results. The company's "near term profitability aspirations have been abandoned" as Tilray seeks to take additional market share, said Hickey, who remains cautious on the Canadian regulatory regime and expects on-going supply and distribution constraints. However, he keeps a Buy rating on Tilray shares.

TODAY'S FREE FLY STORIES

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:38
08/22/19
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07:38
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Dick's Sporting says FY19 EPS guidance includes expected tariff impacts »

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TGT

Target

$103.11

17.54 (20.50%)

07:36
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07:36
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DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:36
08/22/19
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Hot Stocks
Dick's Sporting CEO says 'we are very pleased with our second quarter results' »

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HMSY

HMS Holdings

$38.69

-0.19 (-0.49%)

07:36
08/22/19
08/22
07:36
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07:36
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HMS Holdings rating change  »

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DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:35
08/22/19
08/22
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07:35
Hot Stocks
Dick's Sporting sees FY19 CapEx approximately $230M on gross basis »

In 2019, the company…

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  • 22

    Aug

CLSD

Clearside Biomedical

$1.27

0.09 (7.66%)

07:35
08/22/19
08/22
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07:35
Hot Stocks
Breaking Hot Stocks news story on Clearside Biomedical »

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  • 19

    Oct

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:34
08/22/19
08/22
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08/22/19
07:34
Hot Stocks
Dick's Sporting says continuing strategic review of hunt business »

The company is continuing…

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  • 22

    Aug

DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:33
08/22/19
08/22
07:33
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07:33
Hot Stocks
Dick's Sporting sees FY19 SSS growth in 'low single-digits' »

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  • 22

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DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:31
08/22/19
08/22
07:31
08/22/19
07:31
Earnings
Dick's Sporting raises FY19 EPS view to $3.30-$3.45 from $3.20-$3.40 

FY19 consensus $3.31.

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  • 22

    Aug

PSTG

Pure Storage

$13.87

0.2 (1.46%)

07:30
08/22/19
08/22
07:30
08/22/19
07:30
Recommendations
Pure Storage analyst commentary  »

Pure Storage price target…

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  • 28

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DKS

Dick's Sporting

$32.97

0.62 (1.92%)

07:30
08/22/19
08/22
07:30
08/22/19
07:30
Earnings
Dick's Sporting reports Q2 EPS $1.26, consensus $1.21 »

Reports Q2 revenue…

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  • 22

    Aug

NBL

Noble Energy

$22.22

-0.02 (-0.09%)

07:30
08/22/19
08/22
07:30
08/22/19
07:30
Upgrade
Noble Energy rating change  »

Noble Energy upgraded to…

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  • 27

    Aug

  • 02

    Oct

TSLA

Tesla

$220.89

-4.81 (-2.13%)

, TGT

Target

$103.11

17.54 (20.50%)

07:30
08/22/19
08/22
07:30
08/22/19
07:30
Options
Unusual put flow in option market yesterday »

Notable put activity was…

TSLA

Tesla

$220.89

-4.81 (-2.13%)

TGT

Target

$103.11

17.54 (20.50%)

BCS

Barclays

$6.71

0.025 (0.37%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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FUN

Cedar Fair

$55.07

0.88 (1.62%)

07:28
08/22/19
08/22
07:28
08/22/19
07:28
Upgrade
Cedar Fair rating change  »

Cedar Fair upgraded to…

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  • 23

    Sep

TIF

Tiffany

$84.51

2.27 (2.76%)

07:26
08/22/19
08/22
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07:26
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Tiffany analyst commentary  »

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  • 28

    Aug

NVO

Novo Nordisk

$51.82

0.54 (1.05%)

07:26
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Novo Nordisk says EC grants extension of indication for Fiasp »

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  • 09

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AZN

AstraZeneca

$45.42

0.8 (1.79%)

07:24
08/22/19
08/22
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07:24
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AstraZeneca agrees to buy FDA Priority Review Voucher from Sobi for $95M »

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AAPL

Apple

$212.69

2.34 (1.11%)

07:23
08/22/19
08/22
07:23
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07:23
Periodicals
Apple plans to launch Pro iPhones with 3-sensor camera systems, Bloomberg says »

Apple is planning to…

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AZN

AstraZeneca

$45.42

0.8 (1.79%)

, FGEN

FibroGen

$44.90

0.36 (0.81%)

07:23
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07:23
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AstraZeneca says Roxadustat approved in China for new anemia indication »

AstraZeneca (AZN)…

AZN

AstraZeneca

$45.42

0.8 (1.79%)

FGEN

FibroGen

$44.90

0.36 (0.81%)

03/08/13
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  • 06

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  • 02

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DK

Delek US

$33.35

0.555 (1.69%)

07:22
08/22/19
08/22
07:22
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07:22
Downgrade
Delek US rating change  »

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PDD

Pinduoduo

$30.14

4.165 (16.04%)

07:22
08/22/19
08/22
07:22
08/22/19
07:22
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Pinduoduo analyst commentary  »

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WORK

Slack Technologies

$30.81

0.315 (1.03%)

, MSFT

Microsoft

$138.77

1.52 (1.11%)

07:22
08/22/19
08/22
07:22
08/22/19
07:22
Initiation
Slack Technologies, Microsoft initiated  »

Slack Technologies…

WORK

Slack Technologies

$30.81

0.315 (1.03%)

MSFT

Microsoft

$138.77

1.52 (1.11%)

03/08/13
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  • 04

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  • 04

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MSGN

MSG Networks

$14.78

-2.07 (-12.28%)

07:21
08/22/19
08/22
07:21
08/22/19
07:21
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MSG Networks analyst commentary  »

MSG Networks price target…

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TGT

Target

$103.11

17.54 (20.50%)

07:19
08/22/19
08/22
07:19
08/22/19
07:19
Recommendations
Target analyst commentary  »

Target price target…

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MSG

Madison Square Garden

$260.99

-6.38 (-2.39%)

07:19
08/22/19
08/22
07:19
08/22/19
07:19
Initiation
Madison Square Garden initiated  »

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