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Tilray’s Biggest Bull Slashes Pot Stock Price Target by 60%

A Tilray grow room.

Source: Tilray

Updated on

The street’s biggest bull on Tilray Inc. is feeling significantly less bullish, slashing her price target on the pot stock by 60%.

Vivien Azer at Cowen & Co. cut her 12-month target to $60 from $150, but still believes the stock’s recent weakness is a buying opportunity. Tilray jumped as much as 17% Tuesday, heading for its biggest gain since January. The stock has lost about 90% from the intraday high of $300 it reached in September 2018.