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Deutsche Bank slashes British American Tobacco target price

By Alexander Bueso

Date: Thursday 15 Nov 2018

Deutsche Bank slashes British American Tobacco target price

(Sharecast News) - Analysts at Deutsche Bank slashed their target price on shares of British American Tobacco after reviewing the potential actions that the US Food and Drug Administration might take on menthol cigarettes and litigation risks in Canada.
They cut their target price from 6,000p to 4,000p, although they conceded that they took a "relatively aggressive" view on both those risks.

In such a scenario, their estimate for British American Tobacco's earnings per share in fiscal year 2022 would be 14% lower at 347p, versus 401p previously.

Nevertheless, they stuck to their recommendation to 'buy' the shares.





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