BTI
Post quote below from February 16th, Page 5047
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For BTI followers, it's been a nice run over last 60 days and I do not see it slowing, but likely needs a breather. A couple of analysts have a $52.99 Price Target on BTI. I think it's $60, been saying it's $60 and staying with $60. Albeit, I wouldn't ignore those analysts and their $53 number. At a $53 price I may look at selling $60 Calls or wait. At a $60 price I'll sell 35% of the position. I'll take the profit and invest in something else. I am very over weight at $60 and would trim. It's a great stock, great investment.
Post below from article March 24th. (40.00
Pounds Sterling = $52.76) JP Morgan confirms, it appears Farmer is finally going to pull one out of his .....
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British American Tobacco new Price target 40.00(in Pounds Sterling) (NYSE:$BTI) is on watch after JPMorgan turned bullish with an upgrade to an Overweight rating from Neutral.
Analyst Jared Dinges and team noted that BTI's strong execution in cigarettes is driving share gains and said the tobacco giant is a true multi-category player in next generation products.
"It's three-pronged NGP approach that is well placed to take advantage of Vapor's transition towards profitability and the rapidly improving Vapor margin profile fundamentally changes our view on the speed at which BAT will be able to reach breakeven for its NGP business as a whole (now FY24e with upside risk vs FY25 target). Supported by SBB and improving Vapor profitability we believe double-digit MT EPS growth for BAT is now well underpinned."
While visibility on British American Tobacco (BTI) may be somewhat limited near-term due to regulatory wildcards like the FDA proposed rule on menthol cigarettes and a potential guidance cut following Russia exit, those factors are seen priced in and any near-term weakness is expected to be more than offset by the underlying strength of the business over the mid-term.
BTI - still a great opportunity. Yahoo Finance published a BTI announcement yesterday that the Dividend is being increased to 6.6% (and shown as $0.54 Pounds Sterling) of current stock price as of August 17th. Maybe I screwed up the math, but that translates to US$0.71. The current dividend is US$0.735 or 2 cents more....so, I have something off or the article has something off. Probably me..