Actionable news
0
All posts from Actionable news
Actionable news in RAI: REYNOLDS AMERICAN Inc,

Goldman On Tobacco: Favors Reynolds Over Philip Morris, Altria

Invest with Confidence. Are you a financial professional? Stay on top of your portfolio with Benzinga Pro's real-time newsfeed and alerts and never miss a headline again.
Don't miss the chance to try it FREE today.

Tobacco fundamentals remain strong, with several tailwinds into 1Q earnings, said Goldman Sachs’ Judy E. Hong. She explained that the tailwinds include:

  1. 10-year yield continues to be low
  2. US cigarette volumes continue to be above-trend
  3. A softer US dollar “providing an abating headwind”

Reynolds American

Analyst Judy Hong reiterated a Buy rating for Reynolds American, Inc. RAI, with a price target of $54. The 1Q16 EPS estimate is maintained at $0.50, which is in-line with consensus.

Although expectations have been revised upwards over recent months, the company is likely to continue to benefit...


More