Shares of Aphria (NASDAQ: APHA) jumped 9.6% on Tuesday after an analyst lifted his price target for the popular cannabis stock.
Stifel analyst W. Andrew Carter boosted his share-price forecast for Aphria from CA$9.80 ($7.67) to CA$15.50 ($12.17). His new target, however, is roughly 10% below the marijuana stock's current price of $13.61.
Aphria's investors grew richer on Tuesday. Image source: Getty Images.
Source Fool.com