Turning Point Brands, Inc. (TPB) Tops Q3 EPS by 17c, Revenues Beat; Raises FY20 Revenue Guidance Above Consensus

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Go back to Turning Point Brands, Inc. (TPB) Tops Q3 EPS by 17c, Revenues Beat; Raises FY20 Revenue Guidance Above Consensus

Turning Point Brands (TPB) PT Raised to $45 at Cowen

October 27, 2020 3:47 PM EDT

Cowen analyst Vivien Azer raised the price target on Turning Point Brands (NYSE: TPB) to $45.00 (from $39.00) while maintaining an Outperform rating following 'beat and raise' and deal to take a stake in dosist.

The analyst commented, "TPB delivered 3Q20 revenues which were ~$11... More