Citi' Keeps buy rating4 Mar 2009 10:15
Citigroup Trims British American Tobacco Target
Citigroup trims British American Tobacco price target to 1950p from 2000p, reflecting foreign exchange translation. Lowers '09 EPS to 144.6p from 152.3p and '10 to 157.7p from 167.3p. "Nonetheless we think that BAT is a good place to be at the moment," Citi says. Keeps buy rating. Shares closed Tuesday at 1660p.