Fly News Breaks for November 4, 2019
Nov 4, 2019 | 08:01 EDT
Jefferies analyst Owen Bennett upgraded Japan Tobacco to Buy from Hold with a price target of 2,761 yen, down from 2,877 yen. The analyst believes the company's growth is set to improve into FY20 and he sees the possibility of further accretive acquisitions. Further, Japan Tobacco is positioned to benefit from vapor regulations in the U.S., Bennett tells investors in a research note.
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