I'm LongbridgeAI, I can summarize articles.Bank of America analyst Bastien Agaud maintained a Buy rating on British American Tobacco with an unchanged price target of 5,300 GBp. The decision cites resilient fundamentals, supportive consumer data, and upcoming growth catalysts like product launches and the September Capital Markets Day. While H1 results may not be a major driver, management's prudent guidance and aligned forecasts support the recommendation.
Analyst Bastien Agaud of Bank of America Securities maintained a Buy rating on British American Tobacco, retaining the price target of p5,300.00.
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Bastien Agaud has given his Buy rating due to a combination of factors including resilient fundamentals and supportive consumer data. He notes that British American Tobacco’s first-half results are unlikely to be a major catalyst, but that management’s tone and confidence on the earnings call, combined with guidance at the low end of its growth algorithm, suggest a degree of prudence rather than structural weakness.
He also highlights that BofA’s forecasts are broadly aligned with consensus on sales, EBIT and EPS, with some margin of safety embedded in EBIT expectations and a stable price target of 5,300 GBp. Regional dynamics show solid growth in the U.S. and manageable headwinds in other geographies, while upcoming product launches in Modern Oral and greater visibility expected at the September Capital Markets Day provide potential upside, justifying the maintained Buy recommendation.
According to TipRanks, Agaud is ranked #4083 out of 12329 analysts.
In another report released on July 13, Jefferies also maintained a Buy rating on the stock with a £55.00 price target.