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Why Aphria Stock Surged Today

TheMotleyFool

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Shares of Aphria (NASDAQ: APHA) popped 12.3% on Monday, following bullish analyst comments.

Cantor Fitzgerald analyst Pablo Zuanic named Aphria his top pick among Canadian cannabis stocks. He also boosted his price forecast from $7.86 to $8.23. Zuanic's new target price represents potential gains for investors of more than 40%, based on Aphria's closing stock price of $5.74.

Aphria's stock could deliver handsome returns to shareholders. Image source: Getty Images.

Source Fool.com

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