BUZZ-Jefferies terms BAT as 'top pick' among global tobacco companies, shares jump 3.3%
Jefferies has designated British American Tobacco (BATS.L) as its 'top pick' among global tobacco companies, leading to a 3.3% increase in its shares, now at 3,646p. The brokerage also highlighted Philip Morris as a 'growth pick' and rated Imperial Brands as a 'value standout.' Jefferies noted the sector's appeal due to its growth potential, defensive characteristics, and attractive valuations. Year-to-date, BATS stock has risen 26.42%, with 9 out of 14 brokerages rating it as 'Buy' or higher.
