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Upgrade Alert for British American Tobacco (BTI)

By David Diaz

British American Tobacco (AMEX:BTI) was upgraded from Sell to Conviction Buy at Goldman Sachs today. The stock closed yesterday at $123.06 on volume of 478,000 shares, above average daily volume of 252,000.

British American Tobacco share prices have moved between a 52-week high of $127.17 and a 52-week low of $99.81 and closed yesterday at 23% above that low price at $123.06 per share. The 200-day and 50-day moving averages have moved 0.13% higher and 0.88% higher over the past week, respectively.

British American Tobacco p.l.c. is the holding company for a group of companies that manufacture, market and sell cigarettes and other tobacco products, including cigars and roll-your-own tobacco.

There is potential upside of 8.1% for shares of British American Tobacco based on a current price of $123.06 and an average consensus analyst price target of $133.00. British American Tobacco shares have support at the 50-day moving average (MA) of $116.87 and additional support at the 200-day MA of $112.94.

SmarTrend is monitoring the recent change of momentum in British American Tobacco. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of British American Tobacco in search of a potential trend change.

Keywords: analyst upgrades/downgrades amex:bti british american tobacco

Ticker(s): BTI