Deutsche Bank increases British American Tobacco price target to £38 on strong US performance

From Yahoo Finance: 2025-06-28 12:39:00

British American Tobacco plc (NYSE: BTI) is one of the 11 best European stocks to invest in. Deutsche Bank raised BTI’s price target to £38.00 from £35.00 on June 10, maintaining its “Buy” rating.

BAT’s pre-close update on June 3 projects stronger-than-expected first-half 2025 revenue, driven by a rebound in the U.S. market. The company expects revenue and profit growth this year, supported by Combustibles, Velo Plus, and a 6.17% dividend yield.

Globally, Velo is thriving, with strong performance in the AME region. Despite regulatory hurdles in APMEA markets, BAT anticipates modest New Category growth in H1 and acceleration by year-end, buoyed by Velo’s momentum and glo Hilo rollout.

British American Tobacco plc (NYSE: BTI) is a British consumer goods company, operating in over 180 markets. It produces and sells tobacco and nicotine products, including traditional cigarettes, vapes, heated tobacco, and nicotine pouches under brands like Dunhill, Lucky Strike, and Velo.

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Read more: Deutsche Bank Raises British American Tobacco (BTI) PT on Strong US Performance