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Fly News Breaks for February 17, 2017
BTI, RAI
Feb 17, 2017 | 06:41 EDT
Jefferies analyst Owen Bennett downgraded Reynolds American (RAI) to Hold and lowered his price target for the shares to $60 from $62 to reflect the bid from British American Tobacco (BTI). The analyst expects the deal to complete as scheduled and does not anticipate any antitrust issues.
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