UPDATE: Turning Point Brands, Inc. (TPB) Tops Q1 EPS by 20c, Revenues Beat; Offers 2Q & FY20 Revenue Outlook

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Go back to UPDATE: Turning Point Brands, Inc. (TPB) Tops Q1 EPS by 20c, Revenues Beat; Offers 2Q & FY20 Revenue Outlook

Turning Point Brands (TPB) PT Raised to $29 at Cowen

April 28, 2020 1:35 PM EDT

Cowen analyst Vivien Azer raised the price target on Turning Point Brands (NYSE: TPB) to $29.00 (from $22.00) while maintaining an Outperform rating.

Azer commented, "TPB reported sales and adjusted EBITDA ahead of expectations as the business had momentum pre-COVID 19, and then saw... More