Imperial Brands price target raised to 2,620 GBp from 2,400 GBp at Barclays

Barclays raised the firm’s price target on Imperial Brands to 2,620 GBp from 2,400 GBp and keeps an Overweight rating on the shares. The firm increased price targets in the tobacco space based on data from its nicotine pouch survey and the FDA’s National Youth Tobacco Survey. The pouch survey is bullish for Philip Morris and peers, the analyst tells investors in a research note.