Citi upgraded Imperial Brands to Buy from Neutral with a price target of 1,980 GBp, up from 1,865 GBp. The analyst cites the recent pullback in the shares for the upgrade, saying UK regulatory concerns are overdone while the company’s buyback is starting.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IMBBY:
- TD Cowen puts $25 target on U.S. shares of Imperial Brands
- Imperial Brands price target lowered to 2,400 GBp from 2,500 GBp at Barclays
- FDA tells CNN menthol ban to be finalized ‘in the coming months’
- Jefferies says British American among ‘biggest beneficiaries’ of FDA delay
- Juul Labs laying off about 30% of workforce, WSJ reports