Cowen names Turning Point Brands as ‘best small-to-midcap’ idea for 2022

Cowen analyst Vivien Azer on Friday tapped Turning Point Brands TPB, +3.60% as a best small-to-midcap [smidcap] investing idea for 2022 as consumers turn to its Stoker’s chewing tobacco and Zig-Zag rolling papers for cannabis. “Value-priced Stoker’s positions TPB for continued market share gains, while sustained growth in Zig-Zag/cannabis should be driven by innovation and expanded distribution.” Azer reiterated an outperform rating on Turning Point Brands and a price target of $65 a share. Shares of Turning Point brands are down 28.7% in 2022, compared to a loss of 32% by the Nasdaq COMP, +1.43%.