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Here's Why Tilray Stock Is Surging

TheMotleyFool

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Shares of Tilray (NASDAQ: TLRY) jumped Friday, following bullish analyst commentary. By the close of trading, the popular marijuana stock's price was up 14.4% after rising as much as 20.2% earlier in the day.

Jefferies analyst Owen Bennett raised his rating on Tilray's stock from underperform to buy. He now sees the cannabis producer's share price rising 42% to $23, following its recently completed merger with Aphria.

Analysts at Jefferies see sizable gains ahead for Tilray's shareholders. Image source: Getty Images.

Source Fool.com

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