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Stock impact report

British American Tobacco: I'm Not Touching This At These Prices [Seeking Alpha]

British American Tobacco Industries, p.l.c. ADR (BTI) 
NASDAQ:AMEX Investor Relations: bat.com/ir
Company Research Source: Seeking Alpha
Despite market optimism and some progress in smoke-free products, BTI's revenue and EPS growth remain modest, and new category revenue is only ~13% of total. BTI's valuation rerating has compressed its dividend yield, and a return to historical multiples could imply a ~20% correction. I maintain a sell rating on BTI, citing stretched valuation, uncertain future, and insufficient topline growth to justify the premium. Funtay/iStock via Getty Images Over the past year, British American Tobacco stock ( BTI ) has undergone a considerable rerating. And by rerating, I basically mean a dramatic expansion of multiples. The P/E for 2026 is 11.9x, and the historical average is much lower This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving comp Show less Read more
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