TD Securities upgraded Tilray Brands to "strong-buy" in a report issued Friday.
The upgrade follows Tilray's recent quarterly earnings report. Tilray reported revenue of $281.71 million. This revenue exceeded analyst expectations. The company posted a quarterly loss of $0.43 per share. This loss significantly missed consensus estimates.
The upgrade provided a lift to Tilray's shares. The stock remains well below its 52-week high.
The TD Securities view contrasts with other recent analyst ratings. These ratings have been mixed. Wall Street Zen recently issued a downgrade.
The consensus rating for Tilray among analysts is a "Moderate Buy."