Reynolds American completes acquisition of Lorillard and related divestitures

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Goldman Sachs Reinstates Reynolds American (RAI) at Conviction Buy

June 16, 2015 8:33 AM EDT

Goldman Sachs reinstates coverage on Reynolds American (NYSE: RAI) with a Conviction Buy List rating and a price target of $81.00 following the Lorillard acquisition.

"Post the Lorillard acquisition, the new RAI has emerged with a best-in-class brand portfolio, better pricing power and... More