From Morningstar: 2025-06-04 05:19:00

British American Tobacco’s shares rose 2% after announcing a strong first-half pre-close trading update. Revenue growth guidance for 2025 was increased to 1%-2%, up from 1% previously, driven by improved performance in modern oral products and US combustibles. The launch of Velo Plus in the US is expected to help the company compete with Philip Morris’ Zyn. The continued global expansion of glo Hilo should contribute to growth in the second half of 2025. Analysts maintain fair value estimates for BAT and believe the market undervalues the company compared to competitors like Philip Morris. Despite recent share price gains, BAT’s dividend yield remains around 6.6%, and potential upside is seen in the Vuse vaping brand.



Read more at Morningstar: British American Tobacco: First-Half Progress,…