HEXO Stock Jumps Another 5% on Analyst’s Optimism

HEXO stock

HEXO stock continues to gain positive momentum today as the stock has gained 15% since Friday after an analyst at MKM Partners rated the stock a Buy and set a bullish price target on HEXO Corp (TSX:HEXO) (NYSE:HEXO).

Short-Term Bullish Reaction

The last few months have been tough for much of the cannabis sector, and many of the stocks that had earlier recorded highly impressive gains gave them all up in the period. In this regard, it should be pointed out that Canadian cannabis company HEXO had also experienced the difficulties associated with the turmoil.

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