British American Tobacco set for a stronger puff as new categories gain pace

  • British American Tobacco PLC (LSE:BATS)o is starting to breathe a little easier. Deutsche Bank has upgraded its price target on the FTSE 100 stalwart from 3,500p to 3,800p, citing a stronger second half outlook and improved momentum in its New Categories division, the part of the business focused on products such as vapes and heated tobacco.