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Stock Market & Financial Investment News

News Breaks
June 11, 2014
07:51 EDTLO, RAI, BTIReynolds American upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Reynolds American (RAI) to Buy from Neutral and increased its price target to $65 from $63. The firm upgraded shares due to favorable industry pricing trends, recent management changes and notes a potential accretive merger with Lorillard (LO) or further collaboration with British American Tobacco (BTI).
News For RAI;LO;BTI From The Last 14 Days
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July 29, 2015
14:14 EDTBTIBAT sees 'plain packaging' legal hearing in December, Reuters says
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July 28, 2015
14:09 EDTRAIAltria, Philip Morris could be ripe for recombination, Bloomberg says
The justification for splitting Altria (MO) and Philip Morris (PM) roughly seven years ago "no longer exists" and it may be time to look at a combination, reports Bloomberg Real M&A, noting that the two companies lag behind Reynolds American (RAI) after its recent acquisition of Lorillard. The report notes that the firms have already partnered on product developments in recent months, though a Philip Morris spokesperson told Bloomberg that "many of the reasons articulated by the board at the time of the spinoff are still relevant today." Reference Link
13:17 EDTRAIEarnings Watch: Analysts bullish on Altria, seen as 'top pick' by Cowen
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08:02 EDTRAIReynolds American raises FY15 split-adjusted EPS view to $1.90-$2.00
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08:01 EDTRAIReynolds American approves two-for-one stock split, 7.5% dividend increase
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07:58 EDTRAIReynolds American reports Q2 EPS $1.02, consensus 97c
Reports Q2 revenue $2.4B, consensus $2.44B.

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