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Stock Market & Financial Investment News

News Breaks
March 10, 2014
06:12 EDTBTI, RAIReynolds 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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November 20, 2014
07:15 EDTRAIWells Fargo to hold a conference
2nd Annual E-Cig Conference is being held in New York on November 20.
November 18, 2014
06:30 EDTRAIReynolds American to launch new cigarette that only heats tobacco, WSJ reports
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November 13, 2014
11:35 EDTRAIReynolds American to host investor day
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06:36 EDTBTIBritish American Tobacco fined $1.03M by U.K. government, WSJ reports
British American Tobacco has been fined $1.03M by the U.K. government for oversupplying cigarettes in Belgium, sources tell the Wall Street Journal. The fine, levied by HM Revenue & Customs, marks the first incident in which a major tobacco company has been penalized for "oversupply of products to high-risk overseas markets" in the U.K. Reference Link

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