New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 22, 2014
07:42 EDTBTI, RAI, LOChance of Lorillard being bought by Reynolds has reached 90%, says Wells Fargo
After news reports stated that Reynolds American (RAI) is in talks to buy Lorillard (LO), Wells Fargo thinks there is a 90% chance of the deal getting done. The firm continues to believe that the deal will create value for the shareholders of both companies. Wells continues to anticipate that Reynolds will outperform, and that British American Tobacco (BTI) could either buy Reynolds or form a strategic partnership with it following its acquisition of Lorillard. Wells keeps Outperform ratings on both Reynolds and Lorillard.
News For LO;RAI;BTI From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 21, 2015
09:37 EDTLOLorillard to host special shareholder meeting
Subscribe for More Information
09:32 EDTRAIReynolds American to host special shareholder meeting
Special shareholder meeting to approve the issuance of shares of common stock to Lorillard shareholders as consideration in the merger of the two companies will be held on January 28 at 9 am.
January 20, 2015
10:44 EDTLO, RAIWells sees tobacco stocks as 'place to be' for 2015
Subscribe for More Information
07:21 EDTLO, RAIWells Fargo calls Tobacco 'place to be,' upgrades Altria Group
Wells Fargo calls the U.S. Tobacco sector the "place to be" in consumer staples in 2015. Wells lists positive catalysts for the group as stronger pricing power, protection from currency risk and upside potential from e-cigarettes. The firm says Reynolds American (RAI) remains its top pick and it raised its price target range for shares to $79-$81 from $69-$71. Wells upgraded Altria Group (MO) to Outperform from Market Perform with an increased price target range of $56-$58. The firm also has an Outperform rating on Lorillard (LO). Wells has a "high conviction" that Reynolds' deal with Lorillard will be approved by the FTC in March or April.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use