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Stock Market & Financial Investment News

News Breaks
February 26, 2013
07:36 EDTLO, LOLorillard downgraded to Underperform from Buy at CLSA
CLSA downgraded Lorillard citing expectations for a more stringent FDA following the appointment of Mitch Zeller as the head of the FDA's Center for Tobacco Products. The analyst now sees the chance of a menthol ban at 10%-20% vs. 0% previously. Price target lowered to $42 from $49.
News For LO From The Last 14 Days
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December 15, 2014
06:27 EDTLOLorillard, Reynolds investors to vote on merger on January 28, WSJ reports
Reynolds American (RAI) and Lorillard (LO) shareholders will vote on the proposed $25B merger on January 28, The Wall Street Journal reports. The FTC is continuing its antitrust review on the deal, and a ruling is expected in 1H15. Reference Link

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