Seaport Global Securities Starts KushCo Holdings, Inc (KSHB) at Buy

Seaport Global Securities analyst Brett Hundley initiates coverage on KushCo Holdings, Inc (OTC: KSHB) with a Buy rating and a price target of $10.00.

The analyst commented, "We are launching coverage of KushCo with a Buy rating and $10 price target, based on 25.0x our normalized EBITDA estimate of $32.5MM. We like this company for a number of reasons, including its leading ancillary market positioning, its ability to capitalize on both industry consolidation and market conversion from medical to adult-use, and our belief that forward Street estimates are too conservative."

For an analyst ratings summary and ratings history on KushCo Holdings, Inc click here. For more ratings news on KushCo Holdings, Inc click here.

Shares of KushCo Holdings, Inc closed at $5.92 yesterday.

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