Turning Point Brands Set for 'Solid' Q4 Results on Positive White Pouch Trends, Oppenheimer Says

MT Newswires Live01-14

Turning Point Brands (TPB) is expected to produce "solid" Q4 financial results, driven by positive white pouch trends, Oppenheimer analysts said in a Wednesday note.

The company's FRE nicotine pouch brand has positive momentum in the retail channel, and its international expansion is another significant growth opportunity, analysts said.

Oppenheimer said the ALP brand has begun expanding into brick-and-mortar stores and is expected to make an aggressive push this year.

Analysts said that the launch of white pouch production in the US should support margin accretion, and that US nameplate capacity could exceed $300 million in annual revenues by mid-year.

The company has yet to schedule a release date for its Q4 results.

Analysts reiterated an outperform rating on the stock and increased its price target to $130 from $120.

Price: 114.88, Change: +3.92, Percent Change: +3.53

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