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Jefferies picks Reynolds American as favorite tobacco stock

Sep. 21, 2016 9:02 AM ETReynolds American, Inc. (RAI) StockRAIBy: Clark Schultz, SA News Editor16 Comments
  • Reynolds American (NYSE:RAI) is initiated by Jefferies with a Buy rating as the tobacco stock is lined up as its favored name in the sector.
  • The investment firm runs through the typical Reynolds bull case talking points of cost savings, dividends, and vapor product growth in its note to clients.
  • Wall Street scorecard on RAI: 1 Strong Buy, 8 Buys, 3 Holds, 0 Sells.

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