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Fly News Breaks for May 23, 2019
JAPAY
May 23, 2019 | 06:24 EDT
Barclays analyst Gaurav Jain started Japan Tobacco with an Underweight rating and $10 price target. The company has lost 8% share in its domestic Japan market since 2014 due to share loss to IQOS, Jain tells investors in a research note. He believes that if If Ploom TECH+ and Ploom S launches aren't successful, 2020 will be another challenging year for Japan Tobacco.
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