British American Tobacco Hit with JPMorgan Target Price Cut; EPS Forecast Reduced by 4%

JPMorgan has cut the target price for British American Tobacco stock, predicting a decline in the company's annual revenue growth rate, with next year's earnings per share forecast reduced by 4%.

According to aktiencheck, JPMorgan Chase Bank in the United States has lowered the target price for British American Tobacco (BAT) from £29 to £27 following a mid-term report on the company, maintaining its rating at "neutral."

Analyst Celine Pannuti, in a research report submitted on Thursday, has reduced the expected growth rate of operating revenue without mergers and acquisitions this year from 4% to 3%. For next year, she has also lowered the adjusted earnings per share forecast by 4%.