High Tide price target raised to $5 from $4.50 at Roth Capital

Roth Capital raised the firm’s price target on High Tide (HITI) to $5 from $4.50 and keeps a Buy rating on the shares. The company reported in-line revenue but beat consensus adjusted EBITDA and showed accelerating same-store sales, while also highlighting ongoing supply/demand improvements within the Canadian market, the analyst tells investors in a research note.