HEXO stock is on the rise after HEXO Corp (TSX:HEXO) (NYSE:HEXO) received a positive outlook from a Bank of America analyst.
On Wednesday investors were encouraged by the brokerage firm’s optimism, which pushed HEXO stock higher by 11.76%, closing $6.65 on the NYSE American exchange. Today, the stock is up another 4% to 6.92% in early morning session.
Low ValuationThe Bank of America analyst commenced the coverage of HEXO stock, recommending it as a buy with a price target of $10, which is around 66% higher than the closing price of the stock ...
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