In a report released today, Rashad Kawan from Morgan Stanley maintained a Sell rating on British American Tobacco (BATS – Research Report), with a price target of p2,650.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Rashad Kawan has given his Sell rating due to a combination of factors impacting British American Tobacco’s performance. Despite the recent positive momentum of Velo Plus in the US market, its contribution remains minimal, accounting for only about 1% of BAT’s 2024 US sales.
The decline in household penetration across BAT’s other US products, including e-cigarettes, traditional oral products, and combustibles, further exacerbates concerns. This overall weakness in BAT’s portfolio suggests that the gains from Velo Plus are insufficient to counterbalance the broader challenges faced by the company.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue