Turning Point Brands price target raised to $90 from $75 at Roth Capital

Roth Capital raised the firm’s price target on Turning Point Brands (TPB) to $90 from $75 and keeps a Buy rating on the shares. The company handily beat Q1 expectations, driven by its Modern Oral segment, the analyst tells investors in a research note. Clipper rationalization and strategically de-prioritizing certain cigar SKUs to mitigate tariff exposure may drag on ZigZag sales however, the firm adds.