- 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.