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Enter Symbol:
Rating: RAI
Outperform $53

Reynolds American Inc (NYSE: RAI) upgraded to Outperform with price target $53 by RBC Capital Mkts

Tuesday,  Nov 3, 2015  8:25 AM ET by Lynn Gilbert

RBC Capital Mkts upgraded Reynolds American Inc (NYSE: RAI) to Outperform with price target
$53. Previously, RBC Capital Mkts rated Reynolds American Inc (NYSE: RAI) to Sector Perform with price target $52 on 11/26/2013, when the stock price was valued at $50.70.

Reynolds American Inc. (RAI) is a holding company for R. J. Reynolds Tobacco Company, the cigarette manufacturer in the United States, and Conwood Company, LLC., the smokeless tobacco products manufacturer in the United States. The Company has two business segments: RJR Tobacco and Conwood. RAI?s wholly owned subsidiaries include R. J. Reynolds Tobacco Company; Santa Fe Natural Tobacco Company, Inc. (Santa Fe); Lane, Limited (Lane); R. J. Reynolds Global Products, Inc. (GPI), Conwood Holdings Inc. and Conwood Company, LLC and Rosswil LLC, collectively referred to as the Conwood companies. The RJR Tobacco segment consists of the primary operations of R. J. Reynolds Tobacco Company. The Conwood segment consists of Conwood Holdings, Inc., the primary operations of the Conwood companies and Lane. On December 31, 2008, Conwood Sales Co., LLC and Scott Tobacco LLC merged into Conwood Company, LLC.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.

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