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Stock Market & Financial Investment News

News Breaks
June 11, 2014
07:51 EDTRAI, LO, 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).
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