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Fly News Breaks for June 17, 2016
BTI, PM
Jun 17, 2016 | 06:21 EDT
JPMorgan analyst Alberto Lopez Rueda upgraded Philip Morris (PM) to Overweight saying progress of Novel Nicotine Products will improve industry fundamentals. The analyst sees Philip Morris and British American Tobacco (BTI) as attractively valued and long-term winners. He raised his price target for Philip Morris shares to $112 from $98.
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