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Stock Market & Financial Investment News

News Breaks
March 10, 2014
06:12 EDTRAI, BTIReynolds American target raised to $66, added to Focus List at Citigroup
Citigroup raised its price target for Reynolds American (RAI) shares to $66 from $58 and added the stock to its U.S. Focus List following meetings with management. Citi's new target assumes the possibility that British American Tobacco (BTI) could purchase the remaining 58% of Reynolds it does not already own at a price of $70 per share. Citi keeps a Buy rating on the stock.
News For RAI;BTI From The Last 14 Days
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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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