Kenanga upgrades BAT to 'outperform' on higher product volume growth


KUALA LUMPUR: Despite the still-cloudy outlook, Kenanga Investment Bank Research has upgraded British American Tobacco (M) Bhd (BAT) following its recent earnings outperformance.

The research house promoted the stock to "outperform" and raised its target price to RM11.05 in line with an increase in its earnings forecasts.

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