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JP Morgan Cazenove reiterates coverage of British American Tobacco p.l.c. - Depositary Receipt (NYSE:BTI) with a Neutral recommendation. The average one-year price target is $59.49/share, representing a 2.91% increase from its latest reported closing price of $57.81/share. The projected annual revenue is 31,773MM, up 24.13%. The projected annual non-GAAP EPS is 4.87. The put/call ratio is 0.61, indicating a bullish outlook.

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