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Fly News Breaks for January 18, 2017
PM, MO, BTI, RAI
Jan 18, 2017 | 06:55 EDT
Citi analyst Adam Spielman downgraded Reynolds American (RAI) to Neutral from Buy citing its deal to be acquired fully by British American Tobacco (BTI). He adds that he sees the proposed deal putting further pressure on Altria (MO) and Philip Morris (PM) to recombine.
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