Turning Point Brands Announces Preliminary Second Quarter 2020 Results

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Turning Point Brands (TPB) PT Raised to $31 at Cowen on Strong Sales

July 9, 2020 9:53 AM EDT

Cowen analyst Vivien Azer raised the price target on Turning Point Brands (NYSE: TPB) to $31.00 (from $29.00) while maintaining an Outperform rating.

The analyst commented, "In connection with a secondary equity offering, TPB pre-announced 2Q20 revenues of $100+ mm, well above its... More