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UBS upgrades BAT to 'buy', shares spark

By Michele Maatouk

Date: Monday 27 Jan 2025

(Sharecast News) - UBS upgraded British American Tobacco on Monday to 'buy' from 'neutral', hiked the price target to 3,900p from 3,000p and made the stock its 'top pick'.
The bank said it expects BAT's Velo nicotine pouches to accelerate sales growth in New Categories to 16% in FY26, enabling the...

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