British American Tobacco Upgraded to 'Buy' at Argus

British American Tobacco (BTI) was upgraded to "buy" from "hold" at Argus on Monday morning. The firm has set a price target of $72 on the tobacco company's stock.

The upgrade comes as Argus sees consistent growth, with strong gains in revenue, net income, and adjusted EPS over the last several years. Additionally, the firm expects the company's acquisition of Reynolds American (RAI) to increase its exposure in high growth emerging markets and improve its U.S. presence.

(How should you play markets in March? Here's what Jim Cramer and four of our top columnists recommend.)

More from Stocks

Stocks Slide on Renewed Trade War Concerns

Stocks Slide on Renewed Trade War Concerns

Emerging Markets Get Pounded by Global Trade Concerns

Emerging Markets Get Pounded by Global Trade Concerns

Video: Here's Where to Put Your Money Amid Trade War Fears

Video: Here's Where to Put Your Money Amid Trade War Fears

The Single Biggest Reason Trade War Fears Could Finally Topple the Stock Market

The Single Biggest Reason Trade War Fears Could Finally Topple the Stock Market

Activist-Targeted Rent-A-Center Sold to Vintage

Activist-Targeted Rent-A-Center Sold to Vintage