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Stock Market & Financial Investment News

News Breaks
July 28, 2014
07:13 EDTRAIReynolds American upgraded at RBC Capital
As noted earlier, RBC Capital upgraded Reynolds American (RAI) to Top Pick from Outperform. The firm expects the company's merger with Lorillard (LO) to be approved in its current form by the end of 1Q15, and it thinks the companies' synergies guidance of $800N is conservative. Moreover, the firm expects Reynolds to generate significant free cash flow, along with higher EPS growth, over the long-term following the deal. Target $72.
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September 4, 2014
10:30 EDTRAIReynolds American backs FY14 EPS view $3.35-$3.45, consensus $3.38
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09:46 EDTRAIReynolds says U.S. tobacco industry enviornment remains 'highly competitive'
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