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TPB

Turning Point Brands

$21.67

0.095 (0.44%)

15:32
03/13/18
03/13
15:32
03/13/18
15:32

Turning Point Brands names Robert Lavan CFO

Turning Point Brands announced that Robert Lavan has been appointed as the company's Chief Financial Officer, effective immediately. Brian Wigginton, the company's current Chief Accountant, will be promoted to Vice President - Finance, Chief Accounting Officer and Brad Beard, the company's current Controller, will be promoted to Vice President - Finance, Business Planning. Lavan will succeed the Company's previous CFO, Mark A. Stegeman, who has resigned from his positions as Senior Vice President and CFO, effective immediately. Stegeman's departure does not reflect any disagreement with the company and is not related to the Company's operational performance or financial condition.

TPB Turning Point Brands
$21.67

0.095 (0.44%)

04/17/17
04/17/17
NO CHANGE
Target $17

Outperform
Turning Point Brands remains undervalued, says FBR Capital
After hosting "upbeat" meetings with management, FBR Capital analyst Susan Anderson continues to view Turning Point Brands as a unique opportunity in tobacco. The analyst views the stock as undervalued and remains confident that Turning Point is "well positioned to grow organically and expand via accretive acquisitions." She reiterates an Outperform rating on the shares with a $17 price target.

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