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Dec. 16, 2019, 6:01 a.m. EST

British American Tobacco upped to buy from underperform at Bank of America

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By Steve Goldstein

British American Tobacco /zigman2/quotes/209116881/delayed UK:BATS +0.52% /zigman2/quotes/210207837/composite BTI -0.02% received a double upgrade to buy from underperform at Bank of America, which lifted its price target for the U.K. shares to 3400 pence from 2500 pence. "An opportunity has opened up for BAT in vaping given 1) investment resets from JUUL and Imperial, 2) favourable competitive asymmetries in flavours and 3) potential market consolidation post May PMTA deadline," the broker said.

/zigman2/quotes/209116881/delayed
UK : U.K.: London
3,412.50 p
+17.50 +0.52%
Volume: 2.49M
Jan. 24, 2020 4:35p
P/E Ratio
12.71
Dividend Yield
5.95%
Market Cap
£78.02 billion
Rev. per Employee
N/A
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/zigman2/quotes/210207837/composite
US : U.S.: NYSE
$ 44.55
-0.01 -0.02%
Volume: 932,586
Jan. 24, 2020 6:30p
P/E Ratio
12.82
Dividend Yield
5.80%
Market Cap
$101.86 billion
Rev. per Employee
$510,947
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