JPMorgan lowers stock price target for British American Tobacco.

Dec.15.2023

JPMorgan lowers British American Tobacco's stock price target to £27 and maintains a neutral rating in its mid-term report.

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%.

References:

[1] JPMorgan senkt Ziel für BAT auf 2700 Pence

Also Read:

[1] BAT Announces £25 Billion Write-down, Stock Price Plummeting by 10.2%

[2] British American Tobacco PLC (BAT) Shares Dip on November 16

#Europe #Traditional tobacco #United Kingdom

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