Argus upgraded British American Tobacco (BTI) to Buy from Hold with a $62 price target The company’s plan to pivot towards the growing smokeless tobacco market is working, particularly in the large U.S. market and globally with its Velo product, and the outlook looks promising, the analyst tells investors in a research note. The stock also offers an attractive 6.5% dividend and has resumed a “bullish” trading pattern, the firm added.
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