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Stock impact report

Morgan Stanley and Jefferies Split on British American Tobacco (BTI) Outlook [Yahoo! Finance]

British American Tobacco Industries, p.l.c. ADR (BTI) 
NASDAQ:AMEX Investor Relations: bat.com/ir
Company Research Source: Yahoo! Finance
On December 10, Morgan Stanley analyst Rashad Kawan raised the firm's price target on British American Tobacco p.l.c. (NYSE:BTI) to 3,050 GBp from 3,000 GBp while keeping an Underweight rating on the shares. Around the same time, Jefferies took a more constructive stance, naming British American Tobacco p.l.c. (NYSE:BTI) as its top pick in the global tobacco sector. The firm said its view is driven by growing confidence that the company's shift toward a smoke-free, products-focused portfolio is sustainable and still not fully reflected in the share price. Jefferies analyst Andrei Andon-Ionita pointed to several factors supporting the investment case. These include accelerating market share gains in the US modern oral segment and early signs of improvement in volumes and pricing in the US. Vuse business, and a solid outlook for combustibles heading into 2026. He also highlighted the company's strong balance sheet, which is seen as providing room for continued and meaningful cash r Show less Read more
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