Stifel To The Rescue! Can We " Grow " again... Van dare we double dip????
GrowGeneration rallies 7% to $15 after Stifel puts $22 target on shares 16:10 GRWG Show Related Items >> GrowGeneration initiated with a Buy at Stifel 16:09 GRWG Stifel analyst W. Andrew Carter initiated coverage of GrowGeneration with a Buy rating and $22 price target. The shares are currently undervaluing the company's "differentiated growth profile" as the leading specialty retailer of hydroponics, the potential value creation from the ongoing roll-up opportunity, and the scarcity value of pure-play investable opportunities for capitalizing on the growth of the U.S. cannabis category, Carter tells investors in a research note. The analyst estimates GrowGeneration can post 55% annual revenue growth through fiscal 2022.