Toughbuilt jumps as Wainwright sees strong sales growth, starts with 'buy'

Toughbuilt Industries

19/10/2021 14:03

** Shares of home improvement company  TBLT.O  jump ~10.5%
to $0.557 premarket, set for best session in three months 
    ** Brokerage H.C. Wainwright tarts with "buy" and PT of
$1.5, in line with stock's median PT as per Refinitiv
    ** TBLT has proven its ability to deliver innovative
products in a lackluster construction hand tool industry,
garnering the attention of Lowe's  LOW.N  and Home Depot  HD.N 
- Wainwright 
    ** Cheered by TBLT's broadening product line and
distribution as well as 2020 sales, brokerage sees sales of more
than 50% this year, even in its conservative expectations
    ** Shares set to open at over four-week high; Down 36% YTD

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))