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Stock Market & Financial Investment News

News Breaks
May 19, 2014
05:38 EDTRAI, MOAltria Group downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo downgraded Altria Group (MO) to Market Perform saying the company "has the most to lose" as consumption of vapor surpasses consumption of combustible cigarettes over the next decade. Wells keeps a $41-$43 price target range for shares. The firm coupled the downgrade with an upgrade of Reynolds American (RAI).
News For MO;RAI From The Last 14 Days
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December 22, 2014
10:39 EDTRAIHigh option volume stocks
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December 15, 2014
06:27 EDTRAILorillard, 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
December 8, 2014
08:25 EDTRAIReynolds American CFO change not related to negative event, says RBC Capital
After Reynolds' CFO retired, RBC Capital says that the CFO's retirement appears to have been planned ahead of time and does not indicate any problems at the company. The firm keeps a Top Pick rating on the shares.

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