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Stock Market & Financial Investment News

News Breaks
May 19, 2014
10:54 EDTMO, BTI, RAI, LOWells upgrades Reynolds, sees high chance of Lorillard acquisition
Wells Fargo upgraded Reynolds American (RAI) in a note to investors earlier today, as the firm thinks the company will probably acquire its rival Lorillard (LO). The deal will enable the combined company to significantly cut its costs, Wells Fargo predicted. Moreover, following such a deal, Reynolds could become a takeover target for British American Tobacco (BTI), Wells stated, adding that investors should buy Reynolds' stock and sell shares of another company in the sector, Altria Group (MO). WHAT'S NEW: There's an 80% chance that Reynolds could acquire Lorillard, and Reynolds would obtain cost synergies of $400M from the deal, Wells analyst Bonnie Herzog wrote in a note to investors earlier today. Following the deal, British American Tobacco could either acquire the combined company or look to form a strategic partnership with it, Herzog predicted. Moreover, Reynolds' growth could accelerate, and the company's decision to return its former CEO, Susan Cameron, to her old post is positive for the stock, the analyst stated. Additionally, Herzog has become more confident in Reynolds' ability to effectively innovate, which is more crucial than ever in the e-cigarette era, she wrote. The analyst upgraded her rating on the stock to Outperform from Market Perform. WHAT'S NOTABLE: Another company in the sector, Altria Group (MO), is not well-positioned for the e-cigarette era, Herzog contended. The company may have the most to lose from the rise of vapor cigarettes, as its market share of the overall cigarette market will drop 15 percentage points as e-cigarettes become more popular, the analyst estimated. She cut her rating on the stock to Market Perform from Outperform but kept her price target range on the shares at $41-$43. Herzog identified Lorillard as her top pick in the U.S. tobacco sector, predicting that it will continue to be able to charge higher prices for its menthol cigarettes than any of its competitors, while its e-cigarette brand "has significant global potential." She reiterated an Outperform rating on the shares.
News For RAI;MO;LO;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 14, 2014
17:13 EDTLOAppaloosa gives quarterly update on stakes
NEW STAKES: NXP Semiconductors (NXPI), Lorillard (LO), Alibaba (BABA), and Shire (SHPG). INCREASED STAKES: Whirlpool (WHR), Priceline (PCLN), Delta (DAL), CBS (CBS), and General Motors (GM). DECREASED STAKES: American Airlines (AAL), Disney (DIS), Apple (AAPL), MGM Resorts (MGM), and Eastman Chemical (EMN). LIQUIDATED STAKES: Expedia (EXPE), AIG (AIG), Prudential (PRU), Celanese (CE), and ASML Holding (ASML).
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
November 10, 2014
09:30 EDTRAI, RAIReynolds American upgraded to Outperform from Underperform at CLSA
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