Broker snap: RBS upgrades BAT, prefers tobacco to food
Date: Friday 18 Jul 2008
LONDON (ShareCast) - RBS has raised its recommendation on British American Tobacco to ‘buy’ from ‘hold’ saying it thinks tobacco stocks look more attractive than food and household goods companies.
The broker also lifted its rating on food and household goods giant Unilever to ‘hold’ from ‘sell’.
Its favoured household and personal care stock is Reckitt Benckiser.
121.00p
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