According to a news report from Aktiencheck, JPMorgan, the US bank, has revised its stock price target for British American Tobacco (BAT) from £29 to £27 following the release of the company's mid-term report. The bank has also decided to maintain its "neutral" rating for BAT.
In a research report submitted on Thursday, analyst Celine Pannuti lowered the growth expectation for this year's revenue from mergers and acquisitions to 3%, down from the previous estimate of 4%. Additionally, she also reduced the adjusted earnings per share forecast for next year by 4%.
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