Oppenheimer analyst Ian Zaffino raised the firm’s price target on Turning Point Brands (TPB) to $98 from $85 and keeps an Outperform rating on the shares. The firm says that driven by strength in Modern Oral/white pouch, Turning Point reported Q2 revenue of $117M, ahead of its/Street’s $108M/$105M estimates. Oppenheimer cites increased confidence in FRE/Alp’s growth trajectory.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPB:
- Turning Point Brands Reports Strong Q2 2025 Growth
- Turning Point Brands’ Earnings Call: Strong Growth Amid Challenges
- Turning Point Brands reports Q2 adjusted EPS 98c, consensus 80c
- Turning Point Brands raises FY25 Adjusted EBITDA view to $110.0M-$114.0M
- Avis Budget downgraded, Sprouts upgraded: Wall Street’s top analyst calls