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.)

If you liked this article you might like

Japan Tobacco Inks Billion-Dollar Deals in Southeast Asia to Keep the Fire Alive

From the Marlboro Man to Vaping, Here Are the Events that Shaped Big Tobacco

Vaping in Asia Could Save Big Tobacco

Apple to Solidify Wearable Biz With Aetna Deal; Vapes Lift Tobacco Abroad -ICYMI

Will Developing Asia Save the Cigarette Company?