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Fly News Breaks for November 29, 2018
BTI
Nov 29, 2018 | 04:52 EDT
RBC Capital analyst James Jones upgraded British American Tobacco to Sector Perform from Underperform while lowering his price target for the shares to GBP 27 from GBP 34. The analyst says key risks from a possible FDA menthol cigarette ban and margin erosion from growth in next-generation products are priced in at current valuation levels.
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