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Wells Fargo Expects Tobacco Stocks To 'React Favorably' To Price Increases
Thursday, February 21, 2019 - 4:51pm | 440Read More...Tobacco giants Altria Group Inc (NYSE: MO) and Philip Morris International Inc. (NYSE: PM) are raising prices on all of their cigarette brands, and investors should take this as a positive, according to Wells Fargo. The Analyst Wells Fargo's Bonnie Herzog maintains an Outperform rating on...
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British American's Acquisition Of Reynolds Makes It Jefferies' Preferred Global Tobacco Play
Tuesday, January 17, 2017 - 12:09pm | 549Read More...Jefferies said in a note released on Monday that British American Tobacco PLC (ADR) (NYSE: BTI)'s acquisition of Reynolds American, Inc. (NYSE: RAI) makes the former its preferred global tobacco play. British American Tobacco To Re-Rate After Deal The note was written ahead of the deal...
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Reynolds American's Disappointing Quarter Belies A Strong Growth Story
Thursday, October 20, 2016 - 10:08am | 263Read More...Reynolds American, Inc. (NYSE: RAI) third quarter earnings per share and revenue fell short of what analysts were expecting. Despite the miss, Vivien Azer of Cowen And Company reiterated an Outperform rating and $57 price target on the stock. According to the analyst, the company is still...
