British American Tobacco plc (NYSE:BTI) was downgraded to Underperform by RBC Capital on September 2, with a raised price target of 34,003 GBp from 3,000 GBp. The firm believes profit expectations for BTI’s new categories are overblown due to a lack of scale. BTI is a holding company that manufactures and distributes tobacco products under brands like Kent and Dunhill. The company operates in different geographical segments, including the Americas and Europe. There are better investment opportunities in AI stocks than BTI, with greater upside potential and lower downside risk. For further information on undervalued AI stocks, refer to the article on the best short-term AI stock.

Read more at Yahoo Finance: RBC Capital Downgrades British American Tobacco (BTI) to Underperform From Sector Perform