Tilray Jumps on Cantor Fitzgerald Upgrade After Aphria Merger Cantor Fitzgerald upgraded cannabis provider Tilray to overweight and cut its price target on the stock to $22. Author: Shares of Tilray ( TLRY) - Get Report were higher Thursday after analysts at Cantor Fitzgerald upgraded the cannabis company to overweight from neutral while lowering its price target. The investment firm now has a $22 price target on the Nanaimo, British Columbia, company, down from $30.25. At last check Tilray shares were trading up 7.1% at $20.35. They're trading at less than a third of their 52-week high $67, set in early February. Tilray's nearly $4 billion merger with Aphria, which closed in May, combined Aphria's leading recreational position in Canada with Tilray's strength in international markets, according to Cantor analyst Pablo Zuanic.