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Stock Market & Financial Investment News

News Breaks
May 21, 2014
08:55 EDTRAI, RAIReynolds American to hold a press conference
Press Conference to announce company news related to economic development issues to be held in Tobaccoville, NC on May 23 at 9:30 am. Anticipated speakers include RAI President & CEO Cameron, along with North Carolina Governor Pat McCrory.
News For RAI From The Last 14 Days
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January 21, 2015
09:32 EDTRAIReynolds American to host special shareholder meeting
Special shareholder meeting to approve the issuance of shares of common stock to Lorillard shareholders as consideration in the merger of the two companies will be held on January 28 at 9 am.
January 20, 2015
10:44 EDTRAIWells sees tobacco stocks as 'place to be' for 2015
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07:21 EDTRAIWells Fargo calls Tobacco 'place to be,' upgrades Altria Group
Wells Fargo calls the U.S. Tobacco sector the "place to be" in consumer staples in 2015. Wells lists positive catalysts for the group as stronger pricing power, protection from currency risk and upside potential from e-cigarettes. The firm says Reynolds American (RAI) remains its top pick and it raised its price target range for shares to $79-$81 from $69-$71. Wells upgraded Altria Group (MO) to Outperform from Market Perform with an increased price target range of $56-$58. The firm also has an Outperform rating on Lorillard (LO). Wells has a "high conviction" that Reynolds' deal with Lorillard will be approved by the FTC in March or April.

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