British American Tobacco: Reassessing My Hold Rating After July's Surge (Rating Upgrade)
BTIBAT(BTI) Seeking Alpha·2024-08-06 17:19
catnap72 Introduction I have published two articles on British American Tobacco (NYSE:BTI) so far, giving the company a “Hold” rating due to concerns regarding the short-term future of the tobacco industry, the deterioration of the core business, and the market sentiment appearing too stable. Although the stock was relatively flat until my second article, since then, it has been up 19.5% including dividends while the S&P 500 has been flat. This might suggest that my initial assessment of the market sent ...