Bear of the Day: Turning Point Brands (TPB)
Zacks Investment Research has designated Turning Point Brands as its "Bear of the Day," indicating the stock ranks on the wrong side of the Zacks Rank. This is based on what analysts are doing with their estimates compared to other stocks, even though the company is growing sales and has an interesting product portfolio.
Why it matters — TPB watchers would care because the negative Zacks designation reflects deteriorating analyst estimate trends that could affect how the stock is perceived, despite the company's underlying sales growth.