1 Wall Street Analyst Thinks British American Tobacco Is Going Down to $33. Is It a Sell?

British American Tobacco (NYSE: BTI), one of the leading global tobacco companies, is well diversified, both geographically and across its product portfolio.It owns traditional cigarette brands like Camel and Newport, as well as next-gen products like Vuse vapes and Velo nicotine pouches. Like most of its peers in the tobacco industry, British American Tobacco is known for its high dividend yield, currently at 8.5%.Tobacco stocks went on a tear earlier this year, seemingly as dividend-hungry investors moved into the sector ahead of expected interest rate cuts. Over the last month, however, the stock has pulled back, and one analyst believes the stock has further to fall.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool