J.P. Morgan Resumes Coverage of Tobacco Companies

Fecha de publicación: --
Fuente: Tobacco Reporter
Lugar: Business & Finance
J.P. Morgan resumed coverage of British American Tobacco (BAT), Philip Morris International (PMI), and Imperial Brands, citing growth opportunities in the global tobacco and nicotine market. The bank assigned BAT an Overweight rating with a 5,300-pence price target, while giving PMI and Imperial Neutral ratings. It highlighted BAT’s market-share gains in U.S. nicotine pouches and vaping products, forecasting 3.9% comparable sales growth for the company in 2027.The post J.P. Morgan Resumes Coverage of Tobacco Companies first appeared on Tobacco Reporter.